Headlands Technologies LLC Invests $194,000 in Invesco Ltd. (NYSE:IVZ)

Headlands Technologies LLC purchased a new stake in Invesco Ltd. (NYSE:IVZ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,680 shares of the asset manager’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Invesco in the 1st quarter valued at $2,066,000. Norges Bank purchased a new stake in Invesco in the 4th quarter valued at $59,713,000. PNC Financial Services Group Inc. raised its position in Invesco by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock valued at $1,353,000 after buying an additional 6,994 shares during the last quarter. ARGA Investment Management LP raised its position in Invesco by 115.7% in the 4th quarter. ARGA Investment Management LP now owns 107,164 shares of the asset manager’s stock valued at $1,912,000 after buying an additional 57,476 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in Invesco in the 4th quarter valued at $11,830,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of NYSE IVZ traded up $0.21 during trading hours on Tuesday, reaching $16.43. 2,947,959 shares of the stock traded hands, compared to its average volume of 4,407,453. The company has a market capitalization of $7.39 billion, a P/E ratio of -21.88, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.28. The company’s 50-day simple moving average is $15.34 and its two-hundred day simple moving average is $15.76.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.99%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, May 13th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Analyst Ratings Changes

IVZ has been the subject of a number of recent analyst reports. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. BMO Capital Markets restated a “market perform” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Morgan Stanley upped their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, 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 research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.81.

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.