Victory Capital Management Inc. Has $2.03 Million Position in Invesco Ltd. (NYSE:IVZ)

Victory Capital Management Inc. raised its position in Invesco Ltd. (NYSE:IVZ) by 2.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 135,335 shares of the asset manager’s stock after purchasing an additional 3,873 shares during the period. Victory Capital Management Inc.’s holdings in Invesco were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in IVZ. Family Firm Inc. acquired a new position in shares of Invesco in the second quarter valued at about $28,000. Quarry LP bought a new position in shares of Invesco during the fourth quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its position in shares of Invesco by 182.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after buying an additional 1,589 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Invesco in the first quarter valued at approximately $52,000. Finally, Jones Financial Companies Lllp grew its position in Invesco by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after buying an additional 766 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on IVZ. Barclays assumed coverage on Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective for the company. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Royal Bank of Canada increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group dropped their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Invesco in a research report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.98.

Invesco Trading Up 2.2 %

NYSE IVZ opened at $16.61 on Wednesday. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -22.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.28. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average is $16.41 and its 200 day moving average is $15.78.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts expect that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

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.