Banco Bilbao Vizcaya Argentaria S.A. Buys 17,374 Shares of Invesco Ltd. $IVZ

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Invesco Ltd. by 14.2%, now owning 139,643 shares valued at approximately $2.1 million.
• Invesco reported earnings of $0.36 per share for the last quarter, missing consensus estimates, though quarterly revenue rose to $1.10 billion.
• The company recently announced a quarterly dividend of $0.21 per share, providing a yield of 4.1% for investors.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,643 shares of the asset manager's stock after purchasing an additional 17,374 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Invesco were worth $2,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its position in Invesco by 184.5% during the first quarter. Quantbot Technologies LP now owns 304,141 shares of the asset manager's stock worth $4,614,000 after purchasing an additional 197,221 shares during the period. Wellington Management Group LLP bought a new position in Invesco during the first quarter worth about $418,000. Northern Trust Corp lifted its holdings in shares of Invesco by 11.3% in the first quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock worth $107,455,000 after buying an additional 721,947 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Invesco by 17.1% in the first quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock worth $83,000 after buying an additional 800 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Invesco in the first quarter worth about $41,000. Institutional investors own 66.09% of the company's stock.

Invesco Price Performance

NYSE IVZ traded up $0.15 on Tuesday, reaching $21.77. 1,560,166 shares of the company's stock traded hands, compared to its average volume of 5,573,382. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $21.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a 50-day simple moving average of $18.80 and a 200 day simple moving average of $16.38. The stock has a market cap of $9.71 billion, a PE ratio of 23.48, a P/E/G ratio of 1.22 and a beta of 1.55.

Invesco (NYSE:IVZ - Get Free Report) last issued its 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 return on equity of 8.60% and a net margin of 10.68%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Invesco's dividend payout ratio (DPR) is currently 90.32%.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Barclays increased their price target 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. Morgan Stanley increased their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 price target (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Finally, 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 report on Friday, June 27th. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.78.

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.