15,426 Shares in Invesco Ltd. $IVZ Purchased by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. purchased 15,426 shares of Invesco Ltd. for approximately $234,000 in the first quarter, indicating strong institutional interest in the asset manager.
• Invesco recently reported a missed earnings estimate with $0.36 EPS against a consensus of $0.41, although its revenue of $1.10 billion surpassed expectations.
• The company declared a quarterly dividend of $0.21 per share with a yield of 3.8%, scheduled for distribution on September 2nd.

Eisler Capital Management Ltd. purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,426 shares of the asset manager's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVZ. Federated Hermes Inc. grew its holdings in Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after purchasing an additional 1,282 shares during the last quarter. SVB Wealth LLC acquired a new position in Invesco during the first quarter valued at approximately $32,000. Colonial Trust Co SC acquired a new position in Invesco during the fourth quarter valued at approximately $38,000. Summit Securities Group LLC acquired a new stake in shares of Invesco in the first quarter worth $41,000. Finally, Versant Capital Management Inc grew its stake in shares of Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after acquiring an additional 2,234 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IVZ shares. The Goldman Sachs Group raised their price objective on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Zacks Research upgraded shares of Invesco to a "hold" rating in a research note on Tuesday, August 12th. Barclays raised their price objective on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley raised their price objective on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.78.

Invesco Stock Performance

IVZ stock traded down $0.18 during midday trading on Friday, hitting $21.88. The stock had a trading volume of 4,221,750 shares, compared to its average volume of 4,300,609. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.23 and a beta of 1.58. The stock has a 50-day simple moving average of $19.38 and a 200 day simple moving average of $16.48. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $22.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. Invesco's dividend payout ratio (DPR) is presently 90.32%.

Invesco Company Profile

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.