Dimensional Fund Advisors LP boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,786,828 shares of the asset manager’s stock after purchasing an additional 8,917 shares during the quarter. Dimensional Fund Advisors LP owned about 0.68% of Invesco worth $97,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sun Life Financial INC bought a new position in Invesco during the 3rd quarter valued at about $145,000. C M Bidwell & Associates Ltd. bought a new position in shares of Invesco in the 2nd quarter worth approximately $185,000. ETRADE Capital Management LLC bought a new position in shares of Invesco in the 3rd quarter worth approximately $205,000. Financial Counselors Inc. bought a new position in shares of Invesco in the 2nd quarter worth approximately $215,000. Finally, Bluefin Trading LLC bought a new position in shares of Invesco in the 2nd quarter worth approximately $216,000. 81.30% of the stock is currently owned by institutional investors.

In other news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the sale, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

A number of equities research analysts have commented on IVZ shares. ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 target price on shares of Invesco in a research note on Tuesday, October 3rd. Royal Bank of Canada set a $47.00 target price on shares of Invesco and gave the stock a “buy” rating in a research note on Saturday, December 16th. Citigroup raised their target price on shares of Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Finally, Goldman Sachs Group lowered shares of Invesco from a “buy” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $36.00 in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.00.

Shares of Invesco Ltd. (NYSE:IVZ) opened at $36.52 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14,903.13, a PE ratio of 14.36, a P/E/G ratio of 1.15 and a beta of 1.81. Invesco Ltd. has a fifty-two week low of $28.75 and a fifty-two week high of $37.85.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. research analysts anticipate that Invesco Ltd. will post 2.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.18%. Invesco’s payout ratio is 50.44%.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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