Point72 Asia Singapore Pte. Ltd. Purchases 10,354 Shares of Invesco Ltd. (NYSE:IVZ)

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 55.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,891 shares of the asset manager’s stock after acquiring an additional 10,354 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Invesco were worth $505,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. raised its holdings in shares of Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after purchasing an additional 677 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Invesco by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after buying an additional 710 shares during the last quarter. Arizona State Retirement System increased its position in shares of Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock worth $1,712,000 after acquiring an additional 812 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Invesco by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock worth $2,677,000 after acquiring an additional 835 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Invesco by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager’s stock valued at $2,808,000 after acquiring an additional 1,010 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

IVZ opened at $15.33 on Friday. The firm has a 50-day moving average price of $14.29 and a 200-day moving average price of $16.54. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. 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 capitalization of $6.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is 67.20%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. Evercore ISI raised their price objective on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research note on Wednesday, April 23rd. Barclays lifted their price objective on shares of Invesco from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Argus upped their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One equities research 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. According to MarketBeat, Invesco has an average rating of “Hold” and a consensus price target 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.