Hsbc Holdings PLC Has $16.25 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Hsbc Holdings PLC grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 45.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 929,511 shares of the asset manager’s stock after purchasing an additional 289,258 shares during the quarter. Hsbc Holdings PLC owned about 0.21% of Invesco worth $16,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after acquiring an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after purchasing an additional 274,134 shares during the period. Geode Capital Management LLC raised its holdings in shares of Invesco by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after buying an additional 134,726 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock worth $111,526,000 after buying an additional 31,854 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Invesco by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock valued at $77,320,000 after buying an additional 111,518 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

NYSE:IVZ opened at $13.93 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a fifty day moving average of $14.92 and a 200-day moving average of $16.84. The firm has a market capitalization of $6.24 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.26.

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

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date is Wednesday, May 14th. Invesco’s dividend payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IVZ. Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. Morgan Stanley decreased their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. TD Cowen cut Invesco from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup dropped their target price on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.