Jefferies Financial Group Inc. Makes New $14.43 Million Investment in Invesco Ltd. (NYSE:IVZ)

Key Points

• Jefferies Financial Group Inc. purchased 951,449 shares of Invesco Ltd., valued at approximately $14.4 million, representing a new stake in the company.
• Invesco recently reported earnings per share (EPS) of $0.36, missing estimates, and had a revenue of $1.10 billion, slightly exceeding expectations.
• The company declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 4.0% and a payout ratio of 90.32%.

Jefferies Financial Group Inc. bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 951,449 shares of the asset manager's stock, valued at approximately $14,433,000. Jefferies Financial Group Inc. owned 0.21% of Invesco at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. D.A. Davidson & CO. increased its holdings in shares of Invesco by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock worth $720,000 after purchasing an additional 755 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Invesco by 18.3% in the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock worth $91,000 after purchasing an additional 801 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Invesco by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock worth $2,677,000 after purchasing an additional 835 shares in the last quarter. CWM LLC increased its holdings in shares of Invesco by 0.5% in the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager's stock worth $2,479,000 after purchasing an additional 862 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Invesco by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock worth $2,808,000 after purchasing an additional 1,010 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Evercore ISI lifted their price objective on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group lifted their price objective on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Finally, Barclays lifted their price objective on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.78.

Invesco Price Performance

Shares of IVZ stock traded down $0.39 during trading hours on Friday, reaching $20.62. The company had a trading volume of 7,071,850 shares, compared to its average volume of 8,641,537. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $21.85. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.12 and a beta of 1.54. The stock has a fifty day moving average of $16.74 and a 200-day moving average of $16.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 0.59.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a return on equity of 7.97% and a net margin of 10.68%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio is 90.32%.

Invesco 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.