Quantbot Technologies LP Purchases 197,221 Shares of Invesco Ltd. $IVZ

Key Points

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Quantbot Technologies LP boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 184.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,141 shares of the asset manager's stock after acquiring an additional 197,221 shares during the quarter. Quantbot Technologies LP owned 0.07% of Invesco worth $4,614,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IVZ. Raymond James Financial Inc. bought a new stake in shares of Invesco in the 4th quarter valued at $1,979,000. Townsquare Capital LLC bought a new stake in shares of Invesco in the 4th quarter valued at $234,000. Mariner LLC boosted its stake in shares of Invesco by 20.0% in the 4th quarter. Mariner LLC now owns 97,895 shares of the asset manager's stock valued at $1,711,000 after purchasing an additional 16,299 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco by 7,119.0% in the 4th quarter. NewEdge Advisors LLC now owns 12,561 shares of the asset manager's stock valued at $220,000 after purchasing an additional 12,387 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Invesco by 236.2% in the 4th quarter. Marshall Wace LLP now owns 128,968 shares of the asset manager's stock valued at $2,254,000 after purchasing an additional 90,604 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Stock Up 4.2%

IVZ traded up $0.8650 during trading on Friday, hitting $21.5350. 3,396,187 shares of the company's stock were exchanged, compared to its average volume of 4,897,425. 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 business's 50 day moving average is $18.66 and its two-hundred day moving average is $16.37. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $21.85. The stock has a market cap of $9.60 billion, a P/E ratio of 23.16, a PEG ratio of 1.22 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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on IVZ. The Goldman Sachs Group upped their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and upped their price objective for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Morgan Stanley boosted their target price 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 boosted their target price 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, Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $14.50 to $18.00 in a research report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $18.78.

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.