Marshall Wace LLP Acquires 654,960 Shares of Invesco Ltd. (NYSE:IVZ)

Marshall Wace LLP raised its holdings in Invesco Ltd. (NYSE:IVZ) by 115.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,221,187 shares of the asset manager’s stock after buying an additional 654,960 shares during the quarter. Marshall Wace LLP’s holdings in Invesco were worth $18,269,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. boosted its holdings in Invesco by 136.6% in the second quarter. Xponance Inc. now owns 106,197 shares of the asset manager’s stock valued at $1,589,000 after acquiring an additional 61,309 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Invesco by 12.3% during the second quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock valued at $1,133,000 after buying an additional 8,317 shares during the period. Itau Unibanco Holding S.A. raised its stake in Invesco by 2,120.0% in the second quarter. Itau Unibanco Holding S.A. now owns 30,300 shares of the asset manager’s stock worth $453,000 after buying an additional 31,800 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Invesco by 4.1% in the second quarter. ProShare Advisors LLC now owns 128,781 shares of the asset manager’s stock worth $1,927,000 after buying an additional 5,057 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Invesco by 7.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 563,301 shares of the asset manager’s stock valued at $8,427,000 after acquiring an additional 37,045 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on IVZ shares. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Barclays began coverage on Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price for the company. Wells Fargo & Company began coverage on Invesco in a report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price target on the stock. Royal Bank of Canada lifted their price target 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.08.

Invesco Stock Down 0.6 %

IVZ stock opened at $17.64 on Friday. The company has a market capitalization of $7.94 billion, a P/E ratio of -23.52, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.28. The firm’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $15.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion for 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 was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. As a group, equities research analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio is presently -109.33%.

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.