Savant Capital LLC Purchases 8,451 Shares of Invesco Ltd. (NYSE:IVZ)

Savant Capital LLC boosted its position in Invesco Ltd. (NYSE:IVZ) by 40.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,250 shares of the asset manager’s stock after buying an additional 8,451 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $522,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IVZ. Northern Trust Corp grew its position in shares of Invesco by 30.7% in the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. AQR Capital Management LLC grew its holdings in Invesco by 52.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock valued at $33,919,000 after buying an additional 799,977 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Invesco in the 4th quarter worth approximately $9,259,000. Barclays PLC lifted its holdings in shares of Invesco by 36.1% during the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock worth $26,907,000 after buying an additional 492,032 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Invesco by 26.4% in the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock valued at $27,913,000 after acquiring an additional 402,098 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IVZ shares. JPMorgan Chase & Co. dropped their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Wells Fargo & Company lowered their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada raised their price objective on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.79.

Invesco Stock Performance

Shares of IVZ stock opened at $14.84 on Friday. The stock’s fifty day simple moving average is $15.58 and its 200 day simple moving average is $15.47. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.71. The company has a quick ratio of 5.01, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, equities analysts anticipate that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.53%. This is a boost from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio is currently -106.67%.

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.