Brinker Capital Inc. boosted its stake in shares of Invesco (NYSE:IVZ) by 16.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 27,495 shares of the asset manager’s stock after buying an additional 3,962 shares during the period. Brinker Capital Inc.’s holdings in Invesco were worth $880,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IVZ. BlackRock Inc. raised its holdings in Invesco by 10.5% during the 1st quarter. BlackRock Inc. now owns 34,426,896 shares of the asset manager’s stock valued at $1,102,006,000 after buying an additional 3,283,953 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Invesco by 45.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock worth $270,516,000 after purchasing an additional 2,306,093 shares during the period. American Century Companies Inc. increased its stake in Invesco by 20.6% in the first quarter. American Century Companies Inc. now owns 11,640,548 shares of the asset manager’s stock worth $372,614,000 after purchasing an additional 1,988,111 shares during the period. Renaissance Technologies LLC increased its stake in Invesco by 210.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,713,900 shares of the asset manager’s stock worth $62,626,000 after purchasing an additional 1,162,175 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Invesco by 94.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,528,535 shares of the asset manager’s stock worth $55,853,000 after purchasing an additional 741,386 shares during the period. Institutional investors own 80.04% of the company’s stock.

In other news, major shareholder Ltd. Invesco purchased 2,127,659 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were acquired at an average price of $4.69 per share, with a total value of $9,978,720.71. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Martin L. Flanagan sold 422,860 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

A number of analysts have weighed in on the company. Credit Suisse Group reiterated a “buy” rating on shares of Invesco in a research note on Thursday, February 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 target price (up previously from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. ValuEngine lowered Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $38.00 in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.93.

Invesco opened at $27.32 on Friday, according to Marketbeat Ratings. Invesco has a 12-month low of $26.93 and a 12-month high of $38.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $11.03 billion, a PE ratio of 10.12, a PEG ratio of 0.93 and a beta of 1.70.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Invesco had a return on equity of 12.95% and a net margin of 21.96%. The business had revenue of $958.00 million for the quarter, compared to the consensus estimate of $979.91 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. equities analysts expect that Invesco will post 2.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be given a dividend of $0.30 per share. This is an increase from Invesco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.39%. Invesco’s dividend payout ratio is presently 44.44%.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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