Invesco Ltd. $IVZ Holdings Boosted by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 55.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,409 shares of the asset manager’s stock after buying an additional 23,239 shares during the quarter. Vise Technologies Inc.’s holdings in Invesco were worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVZ. Financial Management Professionals Inc. bought a new position in shares of Invesco in the third quarter worth $28,000. Elevation Wealth Partners LLC increased its holdings in shares of Invesco by 141.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock worth $30,000 after buying an additional 591 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Invesco by 120.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,089 shares of the asset manager’s stock worth $33,000 after acquiring an additional 596 shares during the last quarter. Continuum Advisory LLC bought a new position in Invesco in the second quarter valued at $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Invesco in the 1st quarter worth approximately $46,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Invesco stock opened at $27.06 on Friday. Invesco Ltd. has a twelve month low of $21.82 and a twelve month high of $33.66. The company has a quick ratio of 1.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.00 billion, a P/E ratio of -39.22, a PEG ratio of 0.44 and a beta of 1.69. The stock’s 50 day moving average is $30.18 and its 200 day moving average is $27.99.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 27th. The asset manager reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Invesco had a positive return on equity of 13.49% and a negative net margin of 1.10%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 2.80 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.2150 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.86 annualized dividend and a dividend yield of 3.2%. Invesco’s dividend payout ratio (DPR) is -124.64%.

Analyst Upgrades and Downgrades

Several research firms recently commented on IVZ. Morgan Stanley increased their target price on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invesco in a research note on Friday, September 25th. Keefe, Bruyette & Woods assumed coverage on Invesco in a report on Wednesday, September 9th. They issued an “outperform” rating and a $39.00 price objective for the company. Royal Bank Of Canada boosted their target price on Invesco from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Finally, Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Invesco has an average rating of “Moderate Buy” and a consensus target price of $33.79.

Insiders Place Their Bets

In other news, Director Phoebe Wood sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $32.44, for a total transaction of $97,320.00. Following the sale, the director owned 107,111 shares of the company’s stock, valued at $3,474,680.84. This trade represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the transaction, the director directly owned 812,477 shares of the company’s stock, valued at $26,161,759.40. The trade was a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,540 shares of company stock worth $7,227,167 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.