Invesco Ltd. (NYSE:IVZ) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in shares of Invesco Ltd. (NYSE:IVZ) by 679.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,711 shares of the asset manager’s stock after acquiring an additional 109,582 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Invesco were worth $2,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth grew its holdings in shares of Invesco by 66.8% during the fourth quarter. Focus Partners Wealth now owns 34,934 shares of the asset manager’s stock worth $611,000 after buying an additional 13,991 shares in the last quarter. Deutsche Bank AG grew its position in shares of Invesco by 58.6% in the fourth quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock valued at $58,289,000 after purchasing an additional 1,232,359 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Invesco by 113.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 32,866 shares of the asset manager’s stock valued at $574,000 after purchasing an additional 17,500 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Invesco by 10.5% in the fourth quarter. EP Wealth Advisors LLC now owns 11,685 shares of the asset manager’s stock valued at $204,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new position in Invesco during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Citigroup reduced their target price on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price target on shares of Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Argus increased their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.25.

Invesco Stock Down 1.0%

Invesco stock opened at $15.33 on Friday. The firm has a market capitalization of $6.86 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The stock’s fifty day simple moving average is $14.29 and its 200-day simple moving average is $16.54.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share 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 the consensus estimate 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 prior year, the business earned $0.33 EPS. As a group, equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 5.48%. Invesco’s dividend payout ratio (DPR) is 67.20%.

Invesco Company 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.