Moore Capital Management LP Invests $250,000 in Invesco Ltd. (NYSE:IVZ)

Moore Capital Management LP bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,278 shares of the asset manager’s stock, valued at approximately $250,000.

A number of other large investors have also modified their holdings of IVZ. Vanguard Group Inc. grew its holdings in shares of Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after acquiring an additional 419,389 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock worth $351,430,000 after acquiring an additional 274,134 shares during the period. Geode Capital Management LLC grew its holdings in shares of Invesco by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after acquiring an additional 134,726 shares during the period. AQR Capital Management LLC grew its holdings in shares of Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after acquiring an additional 2,264,551 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock worth $111,526,000 after acquiring an additional 31,854 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

IVZ stock opened at $15.65 on Wednesday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The stock’s fifty day simple moving average is $14.29 and its 200-day simple moving average is $16.56. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.37%. Invesco’s dividend payout ratio (DPR) is 67.20%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IVZ shares. UBS Group upped their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Argus raised their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Citigroup reduced their price objective on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.25.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.