Invesco Ltd. $IVZ Holdings Lifted by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its position in Invesco Ltd. by 9.5% during the first quarter, owning approximately 1.56% of the company valued at $105.97 million.
• Invesco's latest earnings report showed a miss on EPS estimates with $0.36 EPS against a consensus of $0.41, although revenue hit $1.10 billion, slightly above expectations.
• The firm declared a quarterly dividend of $0.21 per share, which represents an annualized yield of 3.8% with a payout ratio of 90.32%.

Alliancebernstein L.P. grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,985,352 shares of the asset manager's stock after purchasing an additional 605,161 shares during the period. Alliancebernstein L.P. owned approximately 1.56% of Invesco worth $105,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Invesco by 15.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 76,279 shares of the asset manager's stock worth $1,333,000 after acquiring an additional 9,946 shares during the period. AXA S.A. acquired a new stake in shares of Invesco in the 4th quarter worth approximately $1,595,000. Ameriprise Financial Inc. lifted its stake in shares of Invesco by 2.4% in the 4th quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager's stock worth $6,840,000 after acquiring an additional 9,018 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Invesco by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 97,394 shares of the asset manager's stock worth $1,702,000 after acquiring an additional 1,556 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Invesco by 27.6% in the 4th quarter. Captrust Financial Advisors now owns 71,748 shares of the asset manager's stock worth $1,254,000 after acquiring an additional 15,534 shares during the period. Institutional investors own 66.09% of the company's stock.

Invesco Stock Up 0.1%

IVZ stock opened at $21.97 on Friday. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $22.25. The firm has a market cap of $9.80 billion, a PE ratio of 23.63, a P/E/G ratio of 1.24 and a beta of 1.58. The firm has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $16.62. 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 quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $1.10 billion during 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 firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 14th. Invesco's dividend payout ratio is 90.32%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IVZ. Barclays upped their price target on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and upped their price target for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price target (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. The Goldman Sachs Group increased their target price 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. Finally, Zacks Research raised shares of Invesco to a "hold" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus target price of $19.38.

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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