Adage Capital Partners GP L.L.C. Invests $1.15 Million in Invesco Ltd. $IVZ

Adage Capital Partners GP L.L.C. bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 75,941 shares of the asset manager's stock, valued at approximately $1,152,000.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. increased its position in shares of Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after acquiring an additional 1,282 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Invesco in the first quarter worth approximately $32,000. Summit Securities Group LLC purchased a new position in shares of Invesco in the first quarter worth approximately $41,000. Versant Capital Management Inc increased its position 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 in the last quarter. Finally, Curat Global LLC purchased a new position in shares of Invesco in the first quarter worth approximately $49,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Down 0.5%

NYSE IVZ traded down $0.12 during trading on Friday, reaching $22.43. The company's stock had a trading volume of 2,512,728 shares, compared to its average volume of 3,525,523. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.00 billion, a PE ratio of 24.12, a PEG ratio of 1.26 and a beta of 1.58. The business has a 50-day moving average price of $20.61 and a 200-day moving average price of $16.78. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.78.

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). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. Invesco's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Invesco's payout ratio is 90.32%.

Insider Transactions at Invesco

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares in the company, valued at $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.21% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and boosted their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley boosted their price objective on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Evercore ISI reaffirmed a "positive" rating on shares of Invesco in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of "Hold" and an average target price of $19.38.

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.