Kera Capital Partners Inc. Invests $353,000 in Invesco Ltd. $IVZ

Key Points

• Kera Capital Partners Inc. acquired 22,376 shares of Invesco Ltd., valued at approximately $353,000, during Q2 as reported in their recent SEC filing.
• Major institutional investors, including Goldman Sachs and AQR Capital Management, have significantly increased their stakes in Invesco, indicating strong interest in the asset manager.
• Analysts have mixed ratings on Invesco's stock, with an average rating of "Hold" and a price target of $19.38, despite recent quarterly earnings reporting a decline in EPS.

Kera Capital Partners Inc. purchased a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,376 shares of the asset manager's stock, valued at approximately $353,000.

Several other institutional investors also recently added to or reduced their stakes in IVZ. Federated Hermes Inc. increased its position in Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after buying an additional 1,282 shares during the period. SVB Wealth LLC purchased a new position in shares of Invesco in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new position in shares of Invesco in the 1st quarter valued at approximately $41,000. Versant Capital Management Inc grew its stake in shares of Invesco by 264.1% in the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Curat Global LLC purchased a new position in shares of Invesco in the 1st quarter valued at approximately $49,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Insider Buying and Selling

In other news, Director Stephanie Butcher sold 103,192 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the transaction, the director directly owned 29,855 shares of the company's stock, valued at $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.21% of the company's stock.

Wall Street Analyst Weigh In

IVZ has been the topic of several analyst reports. The Goldman Sachs Group lifted 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. Cowen reiterated a "buy" rating on shares of Invesco in a research note on Thursday. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Barclays lifted their target price on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 23rd. Finally, Evercore ISI reiterated a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $19.38.

Invesco Price Performance

Shares of Invesco stock traded down $0.38 during trading on Friday, reaching $22.28. The company's stock had a trading volume of 1,908,024 shares, compared to its average volume of 5,399,213. The business has a 50 day moving average price of $21.04 and a 200-day moving average price of $16.92. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $9.93 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $22.78.

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

Invesco Dividend Announcement

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

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.