Colonial Trust Co SC Invests $38,000 in Invesco Ltd. (NYSE:IVZ)

Colonial Trust Co SC acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,171 shares of the asset manager’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Invesco during the 4th quarter valued at $57,459,000. AQR Capital Management LLC raised its stake in Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after acquiring an additional 2,264,551 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock valued at $29,301,000 after purchasing an additional 1,642,645 shares during the last quarter. Amundi boosted its position in Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after purchasing an additional 1,472,178 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Invesco by 965.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager’s stock worth $17,328,000 after purchasing an additional 898,210 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. Evercore ISI raised their target price on Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a research note on Wednesday, April 23rd. Finally, UBS Group upped their price target on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.25.

Invesco Stock Up 0.5 %

Shares of NYSE:IVZ opened at $14.82 on Friday. The firm has a market capitalization of $6.63 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The firm has a fifty day moving average of $14.31 and a 200 day moving average of $16.60.

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

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.67%. Invesco’s dividend payout ratio (DPR) is 67.20%.

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.