Burney Co. Grows Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Burney Co. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 32.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,452 shares of the asset manager’s stock after purchasing an additional 3,513 shares during the period. Burney Co.’s holdings in Invesco were worth $253,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Invesco during the second quarter valued at approximately $576,000. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco during the third quarter valued at approximately $1,428,196,000. Finally, Algert Global LLC purchased a new position in shares of Invesco during the second quarter valued at approximately $551,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 2.0 %

NYSE:IVZ opened at $17.20 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $18.94. The company has a market cap of $7.73 billion, a PE ratio of -18.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The company has a 50 day simple moving average of $17.63 and a two-hundred day simple moving average of $17.14.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was down 20.8% on a year-over-year basis. Research analysts forecast that Invesco Ltd. will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Barclays decreased their price objective on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday. UBS Group boosted their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group decreased their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $18.71.

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.