Mufg Securities Americas Inc. Buys Shares of 6,634 Invesco Ltd. (NYSE:IVZ)

Mufg Securities Americas Inc. purchased a new position in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,634 shares of the asset manager’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVZ. Barclays PLC boosted its stake in shares of Invesco by 1.5% in the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock worth $41,516,000 after buying an additional 35,031 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock worth $2,265,000 after buying an additional 73,671 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock worth $8,988,000 after buying an additional 16,473 shares during the last quarter. Burney Co. lifted its position in Invesco by 32.1% during the fourth quarter. Burney Co. now owns 14,452 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 3,513 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Invesco during the fourth quarter valued at $652,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

NYSE:IVZ opened at $15.44 on Friday. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $14.30 and its two-hundred day simple moving average is $16.51. The stock has a market cap of $6.91 billion, a PE ratio of 13.08, a P/E/G ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company 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. This represents a $0.84 annualized dividend and a dividend yield of 5.44%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco’s payout ratio is 67.20%.

Analysts Set New Price Targets

IVZ has been the topic of several analyst reports. Bank of America lowered their target price on Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. TD Cowen downgraded Invesco from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Evercore ISI lifted their target price on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Barclays lifted their target price on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 23rd. One 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.25.

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.