Invst LLC Invests $729,000 in Invesco Ltd. $IVZ

Key Points

• Invst LLC invested $729,000 in Invesco Ltd. by acquiring 48,054 shares during the first quarter, as revealed in their Form 13F filing with the SEC.
• Several institutional investors increased their stakes in Invesco, with Goldman Sachs Group Inc. boosting their position by 99.6%, now holding shares worth approximately $106.6 million.
• Invesco announced a quarterly dividend of $0.21, reflecting an annualized dividend of $0.84 and a yield of 3.7%, with a payout ratio of 90.32%.

Invst LLC purchased a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,054 shares of the asset manager's stock, valued at approximately $729,000.

A number of other large investors have also bought and sold shares of IVZ. Federated Hermes Inc. grew its holdings in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,282 shares during the period. SVB Wealth LLC acquired a new stake in Invesco in the first quarter worth $32,000. Summit Securities Group LLC acquired a new stake in Invesco in the first quarter worth $41,000. Versant Capital Management Inc grew its holdings in Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after purchasing an additional 2,234 shares during the period. Finally, Curat Global LLC acquired a new stake in Invesco in the first quarter worth $49,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Morgan Stanley raised their price objective on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and raised their price objective for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Finally, Cowen reaffirmed a "buy" rating on shares of Invesco in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Invesco currently has an average rating of "Hold" and a consensus target price of $19.38.

Invesco Stock Performance

Invesco stock traded up $0.43 during mid-day trading on Thursday, hitting $22.60. The company had a trading volume of 917,298 shares, compared to its average volume of 5,405,962. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $22.78. The company's fifty day moving average is $20.94 and its 200-day moving average is $16.88. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 1.24 and a beta of 1.58.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the business earned $0.43 EPS. The company's quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current 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 3.7%. Invesco's dividend payout ratio is currently 90.32%.

Insider Activity

In related news, Director Stephanie Butcher sold 103,192 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares of the company's stock, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.21% of the company's stock.

About Invesco

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.