Jump Financial LLC Increases Stock Position in Invesco Ltd. $IVZ

Key Points

• Jump Financial LLC increased its stake in Invesco Ltd. by 30.2%, owning a total of 231,218 shares valued at approximately $3.5 million as of the latest SEC filing.
• Invesco reported earnings per share (EPS) of $0.36 for the last quarter, which fell short of the analysts' expectations of $0.41, despite a revenue increase of 2.2% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, offering an annualized yield of 3.9%, with a high dividend payout ratio of 90.32%.

Jump Financial LLC boosted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 30.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,218 shares of the asset manager's stock after purchasing an additional 53,608 shares during the quarter. Jump Financial LLC owned about 0.05% of Invesco worth $3,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of IVZ. Raymond James Financial Inc. bought a new position in Invesco during the fourth quarter valued at approximately $1,979,000. NewEdge Advisors LLC grew its position in Invesco by 7,119.0% during the fourth quarter. NewEdge Advisors LLC now owns 12,561 shares of the asset manager's stock valued at $220,000 after acquiring an additional 12,387 shares during the last quarter. Marshall Wace LLP grew its position in Invesco by 236.2% during the fourth quarter. Marshall Wace LLP now owns 128,968 shares of the asset manager's stock valued at $2,254,000 after acquiring an additional 90,604 shares during the last quarter. MetLife Investment Management LLC grew its position in Invesco by 1.7% during the fourth quarter. MetLife Investment Management LLC now owns 117,477 shares of the asset manager's stock valued at $2,053,000 after acquiring an additional 1,952 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Invesco by 48.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,633 shares of the asset manager's stock valued at $535,000 after acquiring an additional 9,974 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

Shares of IVZ stock opened at $21.63 on Tuesday. The stock has a fifty day moving average of $18.80 and a 200 day moving average of $16.38. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $21.85. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.22 and a beta of 1.55. The company has a quick ratio of 1.30, a current 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 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the business earned $0.43 EPS. The business's revenue was up 2.2% compared to the same quarter last year. As a group, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on IVZ shares. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $14.50 to $18.00 in a research report on Friday, July 11th. 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. Morgan Stanley increased their price target on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Barclays increased their price target on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Finally, TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and raised their target price for the stock from $17.50 to $25.00 in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.78.

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.

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.