Focus Partners Advisor Solutions LLC Increases Position in Invesco Ltd. $IVZ

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in Invesco Ltd. by 118.4% during the 1st quarter, owning 29,874 shares valued at $453,000.
• Several institutional investors, including Quarry LP with a 719.9% increase, have also significantly boosted their stakes in Invesco during the same period.
• Invesco's latest earnings report revealed an EPS of $0.36, missing estimates, while announcing a quarterly dividend of $0.21 per share, representing a 3.8% yield.

Focus Partners Advisor Solutions LLC lifted its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 118.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,874 shares of the asset manager's stock after purchasing an additional 16,197 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Invesco were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Retirement Planning Co of New England Inc. increased its stake in shares of Invesco by 7.5% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 33,186 shares of the asset manager's stock valued at $503,000 after purchasing an additional 2,302 shares in the last quarter. Quarry LP increased its stake in shares of Invesco by 719.9% in the 1st quarter. Quarry LP now owns 5,485 shares of the asset manager's stock valued at $83,000 after purchasing an additional 4,816 shares in the last quarter. Nomura Holdings Inc. increased its stake in Invesco by 102.6% during the 1st quarter. Nomura Holdings Inc. now owns 14,147 shares of the asset manager's stock worth $215,000 after buying an additional 562,042 shares in the last quarter. Mubadala Investment Co PJSC increased its stake in Invesco by 7.3% during the 1st quarter. Mubadala Investment Co PJSC now owns 236,500 shares of the asset manager's stock worth $3,588,000 after buying an additional 16,055 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Invesco by 16.8% during the 1st quarter. Vident Advisory LLC now owns 87,903 shares of the asset manager's stock worth $1,333,000 after buying an additional 12,645 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays boosted their price objective on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Zacks Research upgraded Invesco to a "hold" rating in a research note on Tuesday, August 12th. Morgan Stanley boosted their price objective on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Finally, Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.38.

Invesco Trading Up 0.1%

Shares of Invesco stock opened at $21.97 on Friday. The stock has a market cap of $9.80 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.24 and a beta of 1.58. The stock's 50 day simple moving average is $20.03 and its 200-day simple moving average is $16.62. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.25. 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 (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share 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 analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were issued 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 3.8%. Invesco's dividend payout ratio is currently 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.

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