Wellington Shields Capital Management LLC Takes $330,000 Position in Invesco Ltd. (IVZ)

Wellington Shields Capital Management LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,031 shares of the asset manager’s stock, valued at approximately $330,000.

A number of other hedge funds have also recently added to or reduced their stakes in IVZ. Amundi Pioneer Asset Management Inc. boosted its holdings in Invesco by 144.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock valued at $178,605,000 after acquiring an additional 3,012,871 shares during the period. Capital International Investors boosted its holdings in Invesco by 9.2% during the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock valued at $487,666,000 after acquiring an additional 1,169,200 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco by 19.2% during the third quarter. Ameriprise Financial Inc. now owns 4,997,691 shares of the asset manager’s stock valued at $175,007,000 after acquiring an additional 804,250 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Invesco by 5,742.9% during the third quarter. Asset Management One Co. Ltd. now owns 584,819 shares of the asset manager’s stock valued at $20,492,000 after acquiring an additional 574,810 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Invesco by 6.3% during the third quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock valued at $332,133,000 after acquiring an additional 563,407 shares during the period. Institutional investors own 81.07% of the company’s stock.

Invesco Ltd. (NYSE IVZ) opened at $32.44 on Friday. Invesco Ltd. has a 52-week low of $29.36 and a 52-week high of $38.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $12,993.93, a PE ratio of 11.84, a P/E/G ratio of 0.85 and a beta of 1.74.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $982.86 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. analysts expect that Invesco Ltd. will post 3.09 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 given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 42.34%.

IVZ has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $41.00 price target on shares of Invesco in a report on Friday, October 27th. Morgan Stanley restated an “equal weight” rating and set a $40.00 price target (up from $39.00) on shares of Invesco in a report on Wednesday. Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $42.00 to $43.00 in a research report on Wednesday, January 31st. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, ValuEngine lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Invesco has an average rating of “Buy” and a consensus price target of $40.21.

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Invesco Company Profile

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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