Quantbot Technologies LP Grows Stock Position in Invesco Ltd. (NYSE:IVZ)

Quantbot Technologies LP boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 62.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,584 shares of the asset manager’s stock after purchasing an additional 109,116 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Invesco worth $4,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IVZ. Graham Capital Management L.P. purchased a new stake in shares of Invesco during the 3rd quarter worth $1,146,000. Deutsche Bank AG boosted its position in shares of Invesco by 26.4% during the 3rd quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after acquiring an additional 402,098 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Invesco in the 3rd quarter valued at about $1,066,000. American Century Companies Inc. increased its holdings in shares of Invesco by 1.3% in the 3rd quarter. American Century Companies Inc. now owns 1,657,313 shares of the asset manager’s stock valued at $24,064,000 after acquiring an additional 21,769 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Invesco during the 4th quarter worth about $433,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

IVZ traded up $0.04 on Friday, hitting $16.03. 3,572,672 shares of the company traded hands, compared to its average volume of 4,430,456. The company has a 50 day moving average of $15.30 and a 200-day moving average of $15.81. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.71. The stock has a market capitalization of $7.21 billion, a PE ratio of -21.35, a PEG ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 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 company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $0.38 EPS. Invesco’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

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

Analysts Set New Price Targets

IVZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price target (down from $19.00) on shares of Invesco in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday, April 24th. BMO Capital Markets reiterated a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, TD Cowen dropped their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.81.

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.