Invesco Ltd. $IVZ Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in Invesco Ltd. by 16.8%, acquiring an additional 12,645 shares, bringing its total to 87,903 shares valued at approximately $1.33 million.
• Analysts have provided mixed ratings for Invesco, with price targets ranging from $16.00 to $25.00, reflecting varying opinions on the stock's potential performance.
• Invesco recently reported earnings of $0.36 per share, falling short of estimates, and announced a quarterly dividend of $0.21, equating to an annual yield of 3.9%.

Vident Advisory LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 16.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,903 shares of the asset manager's stock after purchasing an additional 12,645 shares during the quarter. Vident Advisory LLC's holdings in Invesco were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in Invesco by 1.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 322,520 shares of the asset manager's stock valued at $5,638,000 after acquiring an additional 6,016 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco by 15.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 76,279 shares of the asset manager's stock valued at $1,333,000 after acquiring an additional 9,946 shares during the period. AXA S.A. purchased a new position in Invesco during the 4th quarter valued at about $1,595,000. Ameriprise Financial Inc. boosted its holdings in Invesco by 2.4% during the 4th quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager's stock valued at $6,840,000 after acquiring an additional 9,018 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in Invesco by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 97,394 shares of the asset manager's stock valued at $1,702,000 after acquiring an additional 1,556 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and raised their target price for the company from $17.50 to $25.00 in a report on Monday, July 21st. Morgan Stanley lifted their price objective on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Evercore ISI lifted their price objective on Invesco from $23.00 to $24.00 and gave the company an "in-line" rating in a research note on Friday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group lifted their price objective on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.38.

Invesco Stock Performance

Shares of NYSE:IVZ traded up $0.01 during trading on Friday, reaching $21.97. The company had a trading volume of 2,834,005 shares, compared to its average volume of 3,639,105. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The stock's fifty day moving average price is $20.03 and its 200 day moving average price is $16.61. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $22.25.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion during 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 company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. Invesco's payout ratio is presently 90.32%.

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.