113,188 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 113,188 shares of the asset manager’s stock, valued at approximately $1,979,000.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco during the 3rd quarter worth approximately $35,000. Crews Bank & Trust purchased a new position in Invesco during the fourth quarter worth approximately $44,000. Assetmark Inc. lifted its position in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after buying an additional 2,770 shares in the last quarter. True Wealth Design LLC acquired a new position in Invesco during the third quarter worth $77,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Invesco in the 4th quarter valued at $123,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $15.20 on Monday. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The business has a 50-day moving average of $17.14 and a 200 day moving average of $17.44. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate 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 forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

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 $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.40%. Invesco’s dividend payout ratio is presently 69.49%.

Analyst Ratings Changes

Several research analysts have recently commented on IVZ shares. The Goldman Sachs Group lifted their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.94.

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.