Quarry LP Purchases 12,365 Shares of Invesco Ltd. (NYSE:IVZ)

Quarry LP raised its stake in Invesco Ltd. (NYSE:IVZ) by 804.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,902 shares of the asset manager’s stock after acquiring an additional 12,365 shares during the quarter. Quarry LP’s holdings in Invesco were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Invesco by 22.7% during the 2nd 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. Fisher Asset Management LLC lifted its stake in shares of Invesco by 11.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,921,248 shares of the asset manager’s stock valued at $69,955,000 after buying an additional 391,933 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Invesco by 1,411.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after buying an additional 3,507,900 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Invesco during the 4th quarter valued at approximately $61,795,000. Finally, Swedbank AB purchased a new stake in Invesco in the 1st quarter worth approximately $41,475,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

IVZ stock opened at $17.56 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The firm’s fifty day moving average is $16.64 and its 200 day moving average is $15.90. The firm has a market cap of $7.90 billion, a P/E ratio of -23.41, a P/E/G ratio of 1.18 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business 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 company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Research analysts predict that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IVZ. Evercore ISI increased their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 20th. Barclays began coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. StockNews.com cut shares of Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Royal Bank of Canada increased their target price 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, Wells Fargo & Company initiated coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.08.

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.