33,812 Shares in Invesco Ltd. $IVZ Acquired by AlphaGrep UK Ltd

Key Points

• AlphaGrep UK Ltd. acquired 33,812 shares of Invesco in the second quarter, valued at approximately $892,000. Hedge funds and other institutional investors collectively own 66.09% of the company.
• Invesco reported quarterly EPS of $0.71, exceeding estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion. Analysts project full-year EPS of $2.82.
• Invesco declared a quarterly dividend of $0.215, or $0.86 annualized, representing a 2.6% yield. Analyst sentiment remains broadly neutral, with an average “Hold” rating and a $30.88 price target.

AlphaGrep UK Ltd bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,812 shares of the asset manager's stock, valued at approximately $892,000.

Several other hedge funds have also modified their holdings of the company. Root Financial Partners LLC lifted its stake in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after buying an additional 374 shares in the last quarter. ANB Bank increased its holdings in Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager's stock valued at $299,000 after buying an additional 375 shares during the last quarter. Vise Technologies Inc. boosted its stake in Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager's stock valued at $346,000 after acquiring an additional 425 shares in the last quarter. EWA LLC increased its stake in Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager's stock valued at $303,000 after purchasing an additional 452 shares during the period. Finally, Parallel Advisors LLC increased its stake in Invesco by 18.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager's stock valued at $70,000 after buying an additional 472 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of IVZ opened at $33.13 on Friday. The company has a 50 day moving average of $30.45 and a 200-day moving average of $27.49. Invesco Ltd. has a twelve month low of $20.67 and a twelve month high of $33.66. The stock has a market capitalization of $14.69 billion, a P/E ratio of -48.72, a P/E/G ratio of 0.47 and a beta of 1.63. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.36 EPS. Invesco's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.6%. Invesco's dividend payout ratio (DPR) is currently -126.47%.

Analyst Ratings Changes

IVZ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Jefferies Financial Group raised shares of Invesco to a "hold" rating in a report on Tuesday, June 30th. Royal Bank Of Canada cut Invesco from an "outperform" rating to a "hold" rating and set a $39.00 target price on the stock. in a research note on Thursday, August 13th. TD Cowen raised their price objective on shares of Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Invesco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Invesco presently has an average rating of "Hold" and an average target price of $30.88.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange NYSE: IVZ. With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm's product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source