Invesco Ltd. (NYSE:IVZ) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its position in shares of Invesco Ltd. (NYSE:IVZ – Get Rating) by 294.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,604 shares of the asset manager’s stock after buying an additional 22,100 shares during the period. Banque Cantonale Vaudoise’s holdings in Invesco were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC increased its holdings in shares of Invesco by 1,666.8% during the 4th quarter. Aviva PLC now owns 357,460 shares of the asset manager’s stock worth $1,050,000 after buying an additional 337,228 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Invesco by 12.2% during the 4th quarter. Franklin Resources Inc. now owns 44,519 shares of the asset manager’s stock worth $801,000 after buying an additional 4,848 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Invesco in the 4th quarter valued at $180,000. Brandywine Global Investment Management LLC increased its holdings in Invesco by 246.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 424,884 shares of the asset manager’s stock valued at $7,644,000 after purchasing an additional 302,127 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Invesco by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 75,814 shares of the asset manager’s stock valued at $1,364,000 after purchasing an additional 6,991 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

NYSE IVZ opened at $14.70 on Friday. Invesco Ltd. has a 12 month low of $13.20 and a 12 month high of $20.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.88 and a quick ratio of 4.88. The firm has a market capitalization of $6.74 billion, a PE ratio of 10.65, a P/E/G ratio of 1.24 and a beta of 1.34. The company’s 50 day simple moving average is $16.03 and its 200 day simple moving average is $17.61.

Invesco (NYSE:IVZ – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.10 billion. Invesco had a net margin of 14.87% and a return on equity of 7.86%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Tuesday, May 9th will be given a $0.20 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, May 8th. This represents a $0.80 annualized dividend and a yield of 5.44%. Invesco’s payout ratio is 57.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVZ. The Goldman Sachs Group increased their price target on Invesco from $18.00 to $18.50 and gave the company a “neutral” rating in a report on Friday, April 14th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Credit Suisse Group upgraded Invesco from an “underperform” rating to a “neutral” rating and raised their target price for the company from $14.50 to $15.00 in a research note on Wednesday, March 29th. Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $15.00 to $16.00 in a research note on Wednesday, April 26th. Finally, Citigroup assumed coverage on shares of Invesco in a research report on Thursday, May 18th. They set a “neutral” rating and a $16.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.55.

Invesco Profile

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Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.