Invesco Ltd. (NYSE:IVZ) shares were down 5.7% on Monday . The stock traded as low as $33.02 and last traded at $33.17. Approximately 6,219,725 shares traded hands during trading, an increase of 85% from the average daily volume of 3,359,593 shares. The stock had previously closed at $35.16.

Several research analysts have recently weighed in on IVZ shares. Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the company a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Morgan Stanley cut shares of Invesco from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $40.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co upped their target price on shares of Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Invesco presently has a consensus rating of “Hold” and an average price target of $40.50.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $13,502.78, a PE ratio of 12.36, a P/E/G ratio of 0.88 and a beta of 1.74.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Invesco’s revenue for the quarter was up 16.3% compared to the same quarter last year. sell-side analysts forecast that Invesco Ltd. will post 3.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. Invesco’s dividend payout ratio is presently 42.34%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors lifted its position in shares of Invesco by 9.2% during the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after purchasing an additional 1,169,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock worth $394,807,000 after purchasing an additional 538,969 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Invesco by 1.8% during the fourth quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock worth $352,700,000 after purchasing an additional 173,766 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Invesco by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after purchasing an additional 88,330 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Invesco by 144.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock worth $178,605,000 after purchasing an additional 3,012,871 shares in the last quarter. 81.07% of the stock is currently owned by institutional investors and hedge funds.

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About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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