Hancock Whitney Corp Increases Stock Position in Invesco Ltd. $IVZ

Key Points

• Hancock Whitney Corp significantly increased its stake in Invesco Ltd. by 121.9%, acquiring an additional 59,041 shares to total 107,466 shares, valued at approximately $1.63 million.
• Invesco reported Q2 earnings of $0.36 EPS, missing the consensus estimate of $0.41, with revenues slightly exceeding expectations at $1.10 billion.
• The company declared a quarterly dividend of $0.21, resulting in an annualized dividend of $0.84 and a yield of 3.8%, with a payout ratio of 90.32%.

Hancock Whitney Corp boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 121.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,466 shares of the asset manager's stock after buying an additional 59,041 shares during the quarter. Hancock Whitney Corp's holdings in Invesco were worth $1,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IVZ. D.A. Davidson & CO. lifted its stake in shares of Invesco by 1.6% in the first quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock valued at $720,000 after buying an additional 755 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Invesco by 6.8% in the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager's stock worth $189,000 after acquiring an additional 792 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Invesco by 17.1% during the first quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock valued at $83,000 after purchasing an additional 800 shares in the last quarter. CWM LLC boosted its holdings in Invesco by 0.5% during the first quarter. CWM LLC now owns 163,434 shares of the asset manager's stock worth $2,479,000 after purchasing an additional 862 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its stake in Invesco by 33.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,943 shares of the asset manager's stock valued at $60,000 after buying an additional 990 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 1.4%

Shares of NYSE:IVZ traded up $0.31 on Thursday, reaching $22.47. 1,580,191 shares of the company traded hands, compared to its average volume of 5,468,790. 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 business's 50-day simple moving average is $20.38 and its 200 day simple moving average is $16.71. The stock has a market capitalization of $10.02 billion, a P/E ratio of 24.12, a price-to-earnings-growth 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.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 annualized dividend and a yield of 3.7%. Invesco's dividend payout ratio is 90.32%.

Analyst Ratings Changes

IVZ has been the subject of several research analyst reports. TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and raised their price target for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. The Goldman Sachs Group lifted their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Evercore ISI reaffirmed a "positive" rating on shares of Invesco in a report on Friday, September 5th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 price target (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Finally, Barclays raised their price target on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.38.

Invesco 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.