Canada Pension Plan Investment Board Has $5.63 Million Stock Holdings in Invesco Ltd. $IVZ

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Invesco Ltd. by 43.9%, holding 371,100 shares after selling 290,700 in the first quarter.
• Institutional investors currently own 66.09% of Invesco, with several firms like Deutsche Bank and Principal Financial increasing their positions significantly in the past quarter.
• Analysts have varied ratings for Invesco, with the current average rating being "Hold" and a consensus price target of $18.78 for the stock.

Canada Pension Plan Investment Board cut its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 43.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,100 shares of the asset manager's stock after selling 290,700 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Invesco worth $5,630,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IVZ. State of Wyoming purchased a new stake in Invesco during the 1st quarter valued at about $336,000. Eisler Capital Management Ltd. bought a new position in Invesco in the first quarter worth about $234,000. Jump Financial LLC increased its holdings in Invesco by 30.2% in the 1st quarter. Jump Financial LLC now owns 231,218 shares of the asset manager's stock worth $3,508,000 after buying an additional 53,608 shares during the period. SVB Wealth LLC purchased a new stake in Invesco in the 1st quarter worth approximately $32,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco by 1.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 73,940 shares of the asset manager's stock valued at $1,122,000 after purchasing an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $14.50 to $18.00 in a research note on Friday, July 11th. The Goldman Sachs Group increased their price target on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research report on Friday, June 27th. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and raised their target price for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Royal Bank Of Canada restated a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Finally, Zacks Research upgraded Invesco to a "hold" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.38.

Invesco Trading Down 0.4%

IVZ traded down $0.08 during midday trading on Monday, reaching $21.91. 4,141,492 shares of the company's stock traded hands, compared to its average volume of 5,501,147. The firm has a fifty day moving average of $20.03 and a two-hundred day moving average of $16.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $22.25. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.24 and a beta of 1.58.

Invesco (NYSE:IVZ - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. 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 fiscal year.

Invesco Announces Dividend

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