Machina Capital S.A.S. Takes $234,000 Position in Invesco Ltd. (NYSE:IVZ)

Key Points

• Machina Capital S.A.S. has made a new investment in Invesco Ltd., acquiring 15,430 shares valued at approximately $234,000 during the first quarter.
• Analysts have varied opinions on Invesco's stock, with JPMorgan lowering its price target from $19.00 to $16.00, while TD Cowen raised it from $17.50 to $25.00, indicating a mix of neutral and buy ratings.
• Invesco recently announced a quarterly dividend of $0.21 per share, representing a 3.86% annual yield, with a payout ratio of 90.32%.

Machina Capital S.A.S. bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,430 shares of the asset manager's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after buying an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares during the last quarter. Geode Capital Management LLC raised its stake in Invesco by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock valued at $181,281,000 after purchasing an additional 134,726 shares during the last quarter. AQR Capital Management LLC raised its stake in Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after purchasing an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after purchasing an additional 31,854 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Down 0.4%

Shares of NYSE IVZ traded down $0.09 during mid-day trading on Tuesday, hitting $21.59. 3,591,397 shares of the company traded hands, compared to its average volume of 5,690,763. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $21.84. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.18 and a beta of 1.48. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $16.22 and a two-hundred day moving average of $15.95.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 7.97%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, August 14th. Invesco's dividend payout ratio is currently 90.32%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent analyst reports. Bank of America lowered their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. 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 report on Friday, June 27th. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and upped their price target for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Evercore ISI upped their price objective on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.