Arvest Investments Inc. Invests $350,000 in Invesco Ltd. $IVZ

Key Points

• Arvest Investments Inc. has invested approximately $350,000 in Invesco Ltd. by acquiring 22,182 shares in the second quarter.
• The stock's recent price performance shows it opened at $22.43, with a market capitalization of $10 billion, and a P/E ratio of 24.12.
• Invesco declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.7% and a dividend payout ratio of 90.32%.

Arvest Investments Inc. bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,182 shares of the asset manager's stock, valued at approximately $350,000.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Invesco by 35.4% in the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock valued at $165,262,000 after acquiring an additional 2,882,928 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Invesco by 11.3% during 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 in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Invesco by 99.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager's stock worth $106,598,000 after purchasing an additional 3,507,150 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Invesco by 9.5% during the 1st quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager's stock valued at $105,968,000 after buying an additional 605,161 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 worth $67,551,000 after acquiring an additional 29,613 shares during the period. Institutional investors own 66.09% of the company's stock.

Insider Buying and Selling at Invesco

In related news, Director Stephanie Butcher sold 103,192 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Evercore ISI restated a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Zacks Research upgraded Invesco to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley increased their price objective on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $19.38.

Invesco Price Performance

IVZ traded down $0.38 during trading on Friday, reaching $22.28. The stock had a trading volume of 1,908,024 shares, compared to its average volume of 5,399,213. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.78. The stock has a 50 day moving average of $21.04 and a two-hundred day moving average of $16.92. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

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