Alliancebernstein L.P. Grows Stock Position in Invesco Ltd. (NYSE:IVZ)

Alliancebernstein L.P. lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,380,191 shares of the asset manager’s stock after buying an additional 31,854 shares during the period. Alliancebernstein L.P.’s holdings in Invesco were worth $111,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Invesco in the third quarter worth approximately $35,000. Crews Bank & Trust purchased a new position in shares of Invesco during the 4th quarter valued at about $44,000. Assetmark Inc. increased its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Invesco by 133.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 2,136 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Invesco during the 4th quarter valued at $123,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Invesco stock opened at $15.73 on Thursday. The company’s 50-day moving average price is $17.02 and its 200-day moving average price is $17.41. 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 company has a market cap of $7.04 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.21%. Invesco’s dividend payout ratio is presently 69.49%.

Analysts Set New Price Targets

A number of research firms have commented on IVZ. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. The Goldman Sachs Group upped their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group boosted their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.66.

Invesco 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.