Invesco Ltd. (NYSE:IVZ) Shares Bought by Cwm LLC

Cwm LLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 640.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,179 shares of the asset manager’s stock after acquiring an additional 90,981 shares during the period. Cwm LLC’s holdings in Invesco were worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IVZ. Mather Group LLC. raised its stake in Invesco by 25.4% during the third quarter. Mather Group LLC. now owns 32,612 shares of the asset manager’s stock worth $573,000 after purchasing an additional 6,611 shares during the period. GAMMA Investing LLC increased its holdings in shares of Invesco by 9.4% during the 3rd quarter. GAMMA Investing LLC now owns 16,197 shares of the asset manager’s stock worth $284,000 after buying an additional 1,393 shares during the last quarter. Czech National Bank raised its position in shares of Invesco by 6.9% in the 3rd quarter. Czech National Bank now owns 91,669 shares of the asset manager’s stock worth $1,610,000 after buying an additional 5,950 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Invesco by 42.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,390 shares of the asset manager’s stock valued at $96,000 after acquiring an additional 1,919 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco during the second quarter worth about $164,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 9th. Evercore ISI upped their price target 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 Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $17.42.

Invesco Price Performance

Shares of IVZ stock opened at $17.70 on Wednesday. The firm has a fifty day moving average of $16.87 and a two-hundred day moving average of $16.03. The firm has a market cap of $7.96 billion, a P/E ratio of -23.60, a P/E/G ratio of 1.10 and a beta of 1.44. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.28. 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 posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping 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 business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Invesco Ltd. will post 1.66 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend 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.