Quantbot Technologies LP Increases Position in Invesco Ltd. $IVZ

Key Points

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Quantbot Technologies LP increased its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 184.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,141 shares of the asset manager's stock after buying an additional 197,221 shares during the quarter. Quantbot Technologies LP owned 0.07% of Invesco worth $4,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Federated Hermes Inc. grew 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 period. Colonial Trust Co SC bought a new stake in shares of Invesco in the 4th quarter worth $38,000. Summit Securities Group LLC purchased a new position in Invesco in the 1st quarter worth about $41,000. Versant Capital Management Inc lifted its position in Invesco by 264.1% during the first 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 period. Finally, Curat Global LLC purchased a new position in shares of Invesco in the 1st quarter worth $49,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. The Goldman Sachs Group boosted their price objective on shares of 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 target price for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Finally, Morgan Stanley increased their price target on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Invesco has an average rating of "Hold" and a consensus target price of $18.78.

Invesco Stock Up 4.2%

Shares of IVZ traded up $0.8650 during midday trading on Friday, reaching $21.5350. 3,396,187 shares of the stock were exchanged, compared to its average volume of 4,975,368. The company has a market capitalization of $9.60 billion, a P/E ratio of 23.16, a PEG ratio of 1.17 and a beta of 1.55. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $21.85. The company's 50 day moving average is $18.66 and its two-hundred day moving average is $16.40.

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 net margin of 10.68% and a return on equity of 8.60%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

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

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.