UniSuper Management Pty Ltd Grows Stock Holdings in Invesco Ltd. $IVZ

Key Points

• UniSuper Management Pty Ltd increased its stake in Invesco Ltd. by 16.9% during the 1st quarter, holding a total of 103,504 shares valued at approximately $1.57 million.
• Invesco's shares recently saw a price target increase from $15.00 to $16.00 by Morgan Stanley, and TD Cowen upgraded the stock from a "hold" rating to a "buy" rating with a new price target of $25.00.
• The company announced a $0.21 quarterly dividend with a current annualized yield of 3.8%, though its payout ratio stands at 90.32%.

UniSuper Management Pty Ltd lifted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,504 shares of the asset manager's stock after purchasing an additional 14,959 shares during the period. UniSuper Management Pty Ltd's holdings in Invesco were worth $1,570,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,282 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Invesco during the 1st quarter worth $32,000. Summit Securities Group LLC purchased a new stake in shares of Invesco during the 1st quarter worth $41,000. Versant Capital Management Inc lifted its position in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in Invesco in the first quarter valued at $49,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IVZ. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Evercore ISI reissued a "positive" rating on shares of Invesco in a research report on Friday, September 5th. Morgan Stanley raised their price target on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and raised their price target for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 price target (up previously from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Invesco has an average rating of "Hold" and an average price target of $19.38.

Invesco Price Performance

Shares of NYSE:IVZ opened at $22.17 on Thursday. The company has a 50-day simple moving average of $20.38 and a 200-day simple moving average of $16.71. Invesco Ltd. has a one year low of $11.60 and a one year high of $22.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.24 and a beta of 1.58.

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 analysts' consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Invesco's quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco's dividend payout ratio 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.

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