Vontobel Holding Ltd. Has $5.59 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Vontobel Holding Ltd. increased its holdings in Invesco Ltd. (NYSE:IVZ) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 319,650 shares of the asset manager’s stock after buying an additional 41,254 shares during the quarter. Vontobel Holding Ltd.’s holdings in Invesco were worth $5,587,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Invesco during the second quarter worth about $164,000. Exchange Traded Concepts LLC grew its stake in Invesco by 1,509.6% during the third quarter. Exchange Traded Concepts LLC now owns 6,390 shares of the asset manager’s stock worth $112,000 after buying an additional 5,993 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after buying an additional 1,020 shares during the last quarter. Claro Advisors LLC bought a new stake in Invesco during the third quarter worth about $253,000. Finally, Blue Trust Inc. grew its stake in Invesco by 714.3% during the third quarter. Blue Trust Inc. now owns 6,783 shares of the asset manager’s stock worth $119,000 after buying an additional 5,950 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ stock opened at $18.48 on Friday. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The stock has a market cap of $8.31 billion, a PE ratio of 15.66, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $17.45.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, analysts forecast that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.44%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IVZ. The Goldman Sachs Group upped their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Evercore ISI increased their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $19.94.

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.