48,054 Shares in Invesco Ltd. $IVZ Bought by Invst LLC

Invst LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 48,054 shares of the asset manager’s stock, valued at approximately $729,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Ameriprise Financial Inc. grew its stake in Invesco by 2.4% during the 4th quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager’s stock worth $6,840,000 after purchasing an additional 9,018 shares in the last quarter. Focus Partners Wealth grew its stake in Invesco by 66.8% during the 4th quarter. Focus Partners Wealth now owns 34,934 shares of the asset manager’s stock worth $611,000 after purchasing an additional 13,991 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Invesco by 679.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 125,711 shares of the asset manager’s stock worth $2,197,000 after purchasing an additional 109,582 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Invesco by 2.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,294,262 shares of the asset manager’s stock worth $22,624,000 after purchasing an additional 29,782 shares in the last quarter. Finally, Man Group plc grew its stake in Invesco by 24.5% during the 4th quarter. Man Group plc now owns 904,505 shares of the asset manager’s stock worth $15,811,000 after purchasing an additional 178,101 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Down 0.5%

Shares of NYSE IVZ opened at $22.43 on Friday. The stock has a market cap of $10.00 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The company has a quick ratio of 1.30, a current 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 $22.78. The business has a 50-day moving average price of $20.61 and a 200 day moving average price of $16.78.

Invesco (NYSE:IVZ) last announced 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 firm 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 firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 3.7%. Invesco’s dividend payout ratio is currently 90.32%.

Analyst Ratings Changes

Several research firms have recently issued reports on IVZ. Evercore ISI reaffirmed a “positive” rating on shares of Invesco in a research report on Friday, September 5th. Zacks Research raised Invesco to a “hold” rating in a research report on Tuesday, August 12th. Barclays upped their price objective on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 23rd. TD Cowen raised Invesco from a “hold” rating to a “buy” rating and upped their price objective for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. Finally, The Goldman Sachs Group upped their price objective on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.38.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares of the company’s stock, valued at $660,392.60. This represents a 77.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by corporate insiders.

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.