Invesco Ltd. (NYSE:IVZ) Stock Position Raised by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 62.5% during the first quarter, HoldingsChannel.com reports. The fund owned 283,584 shares of the asset manager’s stock after acquiring an additional 109,116 shares during the period. Quantbot Technologies LP’s holdings in Invesco were worth $4,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVZ. Gables Capital Management Inc. lifted its holdings in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after purchasing an additional 700 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. Quarry LP acquired a new position in shares of Invesco during the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC grew its position in shares of Invesco by 182.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after acquiring an additional 1,589 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Invesco in the 1st quarter worth about $52,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

IVZ stock traded up $0.04 during trading hours on Friday, hitting $16.03. 3,572,672 shares of the stock traded hands, compared to its average volume of 4,430,456. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $15.81. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.71. The company has a market cap of $7.21 billion, a P/E ratio of -21.35, a P/E/G ratio of 1.19 and a beta of 1.47.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were issued a $0.205 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.12%. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is currently -109.33%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. TD Cowen decreased their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Morgan Stanley boosted their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.81.

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.