Invst LLC Acquires Shares of 48,054 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 bought a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 48,054 shares of the asset manager's stock, valued at approximately $729,000.

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

Invesco Price Performance

IVZ stock traded down $0.07 during trading on Monday, hitting $22.36. 3,893,778 shares of the stock traded hands, compared to its average volume of 3,450,205. Invesco Ltd. has a one year low of $11.60 and a one year high of $22.78. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.25 and a beta of 1.58. The company has a 50 day simple moving average of $20.73 and a 200 day simple moving average of $16.81. 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 (NYSE:IVZ - Get Free Report) last announced its quarterly 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 net margin of 10.68% and a return on equity of 8.60%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.43 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IVZ shares. Morgan Stanley lifted their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Zacks Research upgraded Invesco to a "hold" rating in a research report on Tuesday, August 12th. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and boosted their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. The Goldman Sachs Group upped their target price on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Finally, Evercore ISI reiterated a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Invesco has an average rating of "Hold" and an average price target of $19.38.

Insiders Place Their Bets

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

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.