Invesco Ltd. (NYSE:IVZ) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its stake in Invesco Ltd. (NYSE:IVZ) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,054 shares of the asset manager’s stock after purchasing an additional 8,101 shares during the quarter. Pathstone Holdings LLC’s holdings in Invesco were worth $1,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVZ. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Swedbank AB purchased a new position in Invesco in the 1st quarter worth approximately $41,475,000. Marshall Wace LLP grew its position in Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after acquiring an additional 654,960 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after purchasing an additional 377,786 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in shares of Invesco in the third quarter valued at $4,889,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

IVZ opened at $18.14 on Wednesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $17.68 and its 200 day moving average price is $16.53. Invesco Ltd. has a fifty-two week low of $13.53 and a fifty-two week high of $18.94. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -19.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.35 EPS. The business’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.52%. Invesco’s dividend payout ratio is currently -89.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IVZ. Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Evercore ISI upped their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.63.

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.