Invesco Ltd. (NYSE:IVZ) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,751 shares of the asset manager’s stock after purchasing an additional 8,317 shares during the quarter. Public Sector Pension Investment Board’s holdings in Invesco were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. increased its stake in shares of Invesco by 2,120.0% during the second quarter. Itau Unibanco Holding S.A. now owns 30,300 shares of the asset manager’s stock worth $453,000 after acquiring an additional 31,800 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Invesco by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 128,781 shares of the asset manager’s stock valued at $1,927,000 after buying an additional 5,057 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 563,301 shares of the asset manager’s stock valued at $8,427,000 after buying an additional 37,045 shares during the period. Pacer Advisors Inc. grew its holdings in Invesco by 4.6% during the second quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager’s stock worth $482,000 after acquiring an additional 1,409 shares during the period. Finally, XTX Topco Ltd raised its position in Invesco by 3.5% in the second quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager’s stock worth $647,000 after acquiring an additional 1,442 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on IVZ shares. Evercore ISI boosted their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. Barclays began coverage on shares of Invesco in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 target price on the stock. Royal Bank of Canada boosted their price target on 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 reduced their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, StockNews.com lowered Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Two 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.08.

Invesco Stock Performance

NYSE:IVZ opened at $17.25 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a market cap of $7.76 billion, a PE ratio of -23.00, a P/E/G ratio of 1.18 and a beta of 1.44. The firm has a 50 day simple moving average of $16.65 and a 200-day simple moving average of $15.91. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm 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%. Invesco’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, equities analysts expect that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors 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 4.75%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s payout ratio 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.