CIBC Asset Management Inc Has $1.12 Million Stake in Invesco Ltd. (NYSE:IVZ)

CIBC Asset Management Inc increased its holdings in Invesco Ltd. (NYSE:IVZ) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,188 shares of the asset manager’s stock after buying an additional 1,224 shares during the period. CIBC Asset Management Inc’s holdings in Invesco were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco in the third quarter valued at approximately $35,000. Allworth Financial LP increased its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Crews Bank & Trust bought a new position in Invesco in the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC bought a new position in Invesco in the third quarter valued at approximately $76,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price objective 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. Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Price Performance

Shares of NYSE:IVZ opened at $17.50 on Friday. The firm has a market cap of $7.86 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The firm’s fifty day moving average is $17.83 and its 200-day moving average is $17.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.69%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

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.