Raymond James & Associates Buys 7,104 Shares of Invesco Ltd. (NYSE:IVZ)

Raymond James & Associates increased its stake in Invesco Ltd. (NYSE:IVZ) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,021 shares of the asset manager’s stock after acquiring an additional 7,104 shares during the quarter. Raymond James & Associates’ holdings in Invesco were worth $1,303,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Money Concepts Capital Corp increased its stake in shares of Invesco by 150.1% in the 4th quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 1,013 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Invesco in the 3rd quarter valued at $25,000. Cape Cod Five Cents Savings Bank bought a new stake in shares of Invesco in the 2nd quarter valued at $642,000. Jones Financial Companies Lllp bought a new stake in shares of Invesco in the 3rd quarter valued at $32,000. Finally, Quilter Plc bought a new stake in shares of Invesco in the 2nd quarter valued at $38,000. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on IVZ shares. Morgan Stanley boosted their price target on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price target on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday, April 11th. TheStreet lowered shares of Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. UBS Group decreased their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and an average price target of $17.46.

Invesco Stock Performance

NYSE IVZ opened at $15.37 on Friday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of -20.77, a PEG ratio of 1.02 and a beta of 1.44. The company has a fifty day moving average price of $15.77 and a 200-day moving average price of $15.40.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, equities research analysts predict that Invesco Ltd. will post 1.73 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco’s dividend payout ratio (DPR) is currently -108.11%.

Invesco 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.