Pzena Investment Management LLC Purchases 7,033 Shares of Invesco Ltd. (IVZ)

Pzena Investment Management LLC boosted its position in Invesco Ltd. (NYSE:IVZ) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,518,196 shares of the asset manager’s stock after acquiring an additional 7,033 shares during the period. Pzena Investment Management LLC owned 0.62% of Invesco worth $92,015,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Bank of Nova Scotia boosted its holdings in Invesco by 10.3% in the second quarter. Bank of Nova Scotia now owns 10,573 shares of the asset manager’s stock worth $372,000 after acquiring an additional 987 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Invesco by 7.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,862 shares of the asset manager’s stock worth $664,000 after acquiring an additional 1,307 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Invesco by 2.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 67,087 shares of the asset manager’s stock worth $2,351,000 after acquiring an additional 1,400 shares in the last quarter. ING Groep NV boosted its holdings in Invesco by 6.8% in the third quarter. ING Groep NV now owns 22,242 shares of the asset manager’s stock worth $779,000 after acquiring an additional 1,422 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Invesco by 5.9% in the third quarter. Nordea Investment Management AB now owns 27,015 shares of the asset manager’s stock worth $947,000 after acquiring an additional 1,499 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Several research analysts have issued reports on the company. ValuEngine lowered Invesco from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and dropped their target price for the company from $39.00 to $38.00 in a report on Tuesday, February 13th. Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, February 9th. Morgan Stanley restated an “equal weight” rating and issued a $40.00 target price (up previously from $39.00) on shares of Invesco in a report on Wednesday, February 7th. Finally, Credit Suisse Group restated a “buy” rating on shares of Invesco in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Invesco presently has an average rating of “Buy” and an average target price of $40.57.

In related news, insider Kevin M. Carome sold 25,000 shares of Invesco stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total transaction of $834,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Invesco Ltd. (NYSE:IVZ) opened at $33.22 on Thursday. The firm has a market capitalization of $13,519.06, a P/E ratio of 12.35, a PEG ratio of 0.89 and a beta of 1.74. Invesco Ltd. has a fifty-two week low of $29.36 and a fifty-two week high of $38.43. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. Invesco’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. sell-side analysts forecast that Invesco Ltd. will post 3.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.49%. Invesco’s dividend payout ratio (DPR) is currently 42.34%.

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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.

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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