52,291 Shares in Invesco Ltd. $IVZ Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 52,291 shares of Invesco Ltd. (NYSE:IVZ), valued at approximately $793,000, during the 1st quarter.
• Invesco's latest earnings report showed an EPS of $0.36, missing analysts' estimates of $0.41, while revenue increased by 2.2% year-over-year.
• The company announced a quarterly dividend of $0.21, resulting in an annualized yield of 3.8% and a payout ratio of 90.32%.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 52,291 shares of the asset manager's stock, valued at approximately $793,000.

Other hedge funds have also made changes to their positions in the company. Jump Financial LLC grew its position in shares of Invesco by 30.2% during the first 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 in the last quarter. New York State Teachers Retirement System grew its position in shares of Invesco by 8.5% during the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock worth $6,148,000 after buying an additional 31,643 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after buying an additional 894,105 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Invesco by 25.7% during the first quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock worth $3,021,000 after buying an additional 40,665 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco by 24.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock worth $296,000 after buying an additional 3,778 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IVZ shares. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Evercore ISI reissued a "positive" rating on shares of Invesco in a research report on Friday, September 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Barclays lifted their price objective on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, Invesco has an average rating of "Hold" and an average price target of $19.38.

Insider Activity

In other news, Director Stephanie Butcher sold 103,192 shares of the business's stock in a transaction on 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 transaction, the director owned 29,855 shares of the company's stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.21% of the company's stock.

Invesco Stock Performance

Shares of IVZ traded down $0.12 during midday trading on Friday, hitting $22.43. 2,512,728 shares of the stock traded hands, compared to its average volume of 5,467,112. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.78. The firm has a market capitalization of $10.00 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The business's 50 day moving average price is $20.50 and its two-hundred day moving average price is $16.75.

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 the consensus estimate 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 analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.43 EPS. The business's revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Invesco's 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.