Northern Trust Corp Has $107.46 Million Stock Position in Invesco Ltd. $IVZ

Key Points

• Northern Trust Corp increased its stake in Invesco Ltd. by 11.3%, owning 7,083,410 shares valued at approximately $107.5 million.
• Invesco reported earnings of $0.36 EPS for the last quarter, missing estimates but achieved a 2.2% year-over-year revenue increase with total revenue of $1.10 billion.
• The company announced a quarterly dividend of $0.21, which equates to a 3.9% annual yield for investors, with a payout ratio of 90.32%.

Northern Trust Corp boosted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 11.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,083,410 shares of the asset manager's stock after purchasing an additional 721,947 shares during the quarter. Northern Trust Corp owned about 1.58% of Invesco worth $107,455,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after acquiring an additional 2,264,551 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock valued at $67,551,000 after acquiring an additional 29,613 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Invesco by 14.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock valued at $65,880,000 after acquiring an additional 466,400 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Invesco by 58.6% during the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after acquiring an additional 1,232,359 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Invesco in the first quarter valued at $29,138,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ stock traded down $0.03 during trading hours on Thursday, reaching $22.03. The stock had a trading volume of 1,606,925 shares, compared to its average volume of 5,560,962. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $22.25. The firm has a 50-day simple moving average of $19.09 and a 200-day simple moving average of $16.46. The firm has a market capitalization of $9.82 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.55.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The firm's revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. 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 analyst reports. Zacks Research upgraded shares of Invesco to a "hold" rating in a research note on Tuesday, August 12th. Barclays upped their price target on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reissued a "sector perform" rating and set a $16.00 target price (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Morgan Stanley increased their target price on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Finally, TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and increased their target price for the stock from $17.50 to $25.00 in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.78.

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.