Toronto Dominion Bank Increases Stake in Invesco Ltd. (NYSE:IVZ)

Toronto Dominion Bank grew its stake in Invesco Ltd. (NYSE:IVZ) by 160.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 430,851 shares of the asset manager’s stock after buying an additional 265,289 shares during the quarter. Toronto Dominion Bank’s holdings in Invesco were worth $7,531,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IVZ. Colonial Trust Co SC purchased a new position in shares of Invesco in the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,531 shares during the period. Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter valued at about $44,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. boosted its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after buying an additional 2,770 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IVZ shares. Evercore ISI lifted their price objective on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their target price on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on Invesco from $15.00 to $15.25 and gave the stock a “neutral” rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.25.

Invesco Trading Up 2.0%

IVZ opened at $14.78 on Friday. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The business’s 50 day moving average is $14.18 and its two-hundred day moving average is $16.32. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.68%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is presently 67.20%.

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.