Invesco Ltd. $IVZ Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board boosted its holdings in Invesco Ltd. by 110.0% during the 1st quarter, owning 244,800 shares worth approximately $3.71 million.
• Invesco reported $0.36 earnings per share for the last quarter, missing consensus estimates, while its revenue reached $1.10 billion, slightly above expectations.
• A quarterly dividend of $0.21 per share was recently announced, with a dividend yield of 4.0%, indicating a high payout ratio of 90.32%.

Public Sector Pension Investment Board lifted its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 110.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 244,800 shares of the asset manager's stock after buying an additional 128,215 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.05% of Invesco worth $3,714,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Invesco by 186.6% in the 1st 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 last quarter. Colonial Trust Co SC bought a new position in shares of Invesco in the 4th quarter worth about $38,000. Versant Capital Management Inc lifted its position 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 worth $47,000 after buying an additional 2,234 shares during the last quarter. Curat Global LLC bought a new position in shares of Invesco in the 1st quarter worth about $49,000. Finally, Assetmark Inc. lifted its position in shares of Invesco by 57.2% in the 1st quarter. Assetmark Inc. now owns 5,494 shares of the asset manager's stock worth $83,000 after buying an additional 1,998 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IVZ. Morgan Stanley raised their price target on shares of 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 raised shares of Invesco to a "hold" rating in a report on Tuesday, August 12th. Barclays increased their price objective on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.78.

Invesco Price Performance

Invesco stock traded up $0.8650 during trading hours on Friday, hitting $21.5350. 3,396,187 shares of the company traded hands, compared to its average volume of 4,897,425. The firm has a market cap of $9.60 billion, a P/E ratio of 23.16, a P/E/G 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. The firm's 50-day simple moving average is $18.66 and its two-hundred day simple moving average is $16.37. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $21.85.

Invesco (NYSE:IVZ - Get Free Report) last released 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 analyst estimates of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. As a group, analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be paid 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 presently 90.32%.

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.