Invesco Ltd. (NYSE:IVZ) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its holdings in Invesco Ltd. (NYSE:IVZ) by 22.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,392 shares of the asset manager’s stock after acquiring an additional 2,620 shares during the period. V Square Quantitative Management LLC’s holdings in Invesco were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. Gables Capital Management Inc. boosted its position in shares of Invesco by 74.9% during 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 period. Quarry LP acquired a new stake in Invesco during the 4th quarter worth $37,000. EverSource Wealth Advisors LLC raised its stake in Invesco by 182.0% during the 4th 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Invesco by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after buying an additional 766 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Invesco in the first quarter valued at about $52,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 1.0 %

IVZ stock traded up $0.17 during mid-day trading on Wednesday, hitting $16.42. 1,773,361 shares of the company were exchanged, compared to its average volume of 4,459,312. The company has a market capitalization of $7.39 billion, a PE ratio of -21.67, a price-to-earnings-growth ratio of 1.16 and a beta of 1.47. The company has a current ratio of 5.80, a quick ratio of 6.89 and a debt-to-equity ratio of 0.68. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.28. The firm has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $15.64.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. On average, research analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 target price (down from $19.00) on shares of Invesco in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced 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 restated a “market perform” rating and set a $17.00 target price (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price target on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada raised their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.90.

Invesco Company 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.