Invesco Ltd. $IVZ Shares Purchased by Amundi

Amundi raised its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,204,847 shares of the asset manager's stock after purchasing an additional 551,588 shares during the quarter. Amundi owned about 0.72% of Invesco worth $44,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp increased its position in shares of Invesco by 11.3% in the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock valued at $107,455,000 after acquiring an additional 721,947 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Invesco by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock valued at $67,551,000 after acquiring an additional 29,613 shares during the period. Two Sigma Advisers LP increased its position in shares of Invesco by 14.1% in the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock valued at $65,880,000 after acquiring an additional 466,400 shares during the period. Deutsche Bank AG increased its position in shares of Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after acquiring an additional 1,232,359 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Invesco in the 1st quarter valued at $29,138,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and increased their price objective for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. The Goldman Sachs Group increased 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. Morgan Stanley increased 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. Finally, Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Invesco currently has an average rating of "Hold" and an average target price of $19.38.

Invesco Price Performance

IVZ traded down $0.18 during midday trading on Friday, hitting $22.38. 638,389 shares of the company traded hands, compared to its average volume of 5,455,718. 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 company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.24 and a beta of 1.58. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $22.78. The business has a 50 day simple moving average of $20.50 and a two-hundred day simple moving average of $16.75.

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

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, August 14th. 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.