Invesco Ltd. (NYSE:IVZ) Shares Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd raised its position in Invesco Ltd. (NYSE:IVZ) by 180.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,379 shares of the asset manager’s stock after acquiring an additional 1,531 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Invesco were worth $42,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of IVZ. Norges Bank acquired a new position in Invesco in the 4th quarter valued at $57,459,000. CIBC Private Wealth Group LLC grew its stake in shares of Invesco by 2,385.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after purchasing an additional 1,642,645 shares during the period. Amundi grew its stake in shares of Invesco by 124.6% during the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after purchasing an additional 1,472,178 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Invesco by 965.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager’s stock worth $17,328,000 after purchasing an additional 898,210 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Invesco by 635.9% during the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after purchasing an additional 423,621 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Argus upped their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.57.

Invesco Price Performance

IVZ opened at $13.66 on Thursday. The company’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $17.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The stock has a market capitalization of $6.11 billion, a PE ratio of 11.58, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 6.00%. Invesco’s dividend payout ratio (DPR) is 69.49%.

About Invesco

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.