AGF Investments Inc. boosted its stake in Invesco Ltd. (NYSE:IVZ) by 54.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,584,349 shares of the asset manager’s stock after buying an additional 905,819 shares during the period. AGF Investments Inc. owned 0.63% of Invesco worth $68,640,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IVZ. American Century Companies Inc. lifted its holdings in shares of Invesco by 41.3% during the second quarter. American Century Companies Inc. now owns 16,442,516 shares of the asset manager’s stock valued at $436,713,000 after purchasing an additional 4,801,968 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Invesco by 10.5% during the first quarter. BlackRock Inc. now owns 34,426,896 shares of the asset manager’s stock valued at $1,102,006,000 after purchasing an additional 3,283,953 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Invesco by 181.4% during the second quarter. Federated Investors Inc. PA now owns 2,375,762 shares of the asset manager’s stock valued at $63,100,000 after purchasing an additional 1,531,418 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco by 155.9% during the first quarter. The Manufacturers Life Insurance Company now owns 2,442,040 shares of the asset manager’s stock valued at $78,170,000 after purchasing an additional 1,487,595 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Invesco by 48.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,395,993 shares of the asset manager’s stock valued at $116,758,000 after purchasing an additional 1,424,944 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Shares of NYSE IVZ opened at $24.26 on Friday. Invesco Ltd. has a twelve month low of $24.12 and a twelve month high of $38.43. The company has a market capitalization of $10.16 billion, a P/E ratio of 8.99, a PEG ratio of 1.01 and a beta of 1.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.87.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Invesco had a net margin of 21.64% and a return on equity of 12.70%. The company had revenue of $974.00 million during the quarter, compared to analyst estimates of $960.91 million. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts expect that Invesco Ltd. will post 2.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Thursday, August 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.95%. Invesco’s payout ratio is currently 44.44%.

Several research firms have recently issued reports on IVZ. UBS Group lifted their target price on shares of Invesco from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 24th. ValuEngine lowered shares of Invesco from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet lowered shares of Invesco from a “b-” rating to a “c+” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Finally, Credit Suisse Group decreased their price objective on shares of Invesco from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.79.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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