ABC Arbitrage SA Makes New $513,000 Investment in Invesco Ltd. (NYSE:IVZ)

Key Points

• ABC Arbitrage SA has invested $513,000 in Invesco Ltd. (NYSE:IVZ), acquiring 33,845 shares in the first quarter.
• Invesco recently reported quarterly earnings of $0.36 EPS, which missed analysts' expectations of $0.41, on revenues of $1.10 billion.
• The company announced a quarterly dividend of $0.21 set to be paid on September 2, representing a 4.0% yield.

ABC Arbitrage SA acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,845 shares of the asset manager's stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Federated Hermes Inc. boosted its position in Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,282 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Invesco during the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd boosted its position in Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Versant Capital Management Inc boosted its position in Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Curat Global LLC purchased a new stake in Invesco during the first quarter worth $49,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Up 0.7%

NYSE:IVZ traded up $0.15 on Friday, hitting $20.72. 2,905,712 shares of the stock were exchanged, compared to its average volume of 9,082,483. The stock has a market cap of $9.27 billion, a PE ratio of 22.28, a PEG ratio of 1.13 and a beta of 1.55. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $16.21. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $21.85.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results 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). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.43 EPS. Invesco's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, August 14th. Invesco's dividend payout ratio (DPR) is 90.32%.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Barclays upped their price objective on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI upped their price objective on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Wednesday, April 23rd. Finally, TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and upped their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.78.

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.