Invesco Ltd. (NYSE:IVZ) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 208.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,804 shares of the asset manager’s stock after purchasing an additional 10,008 shares during the period. GAMMA Investing LLC’s holdings in Invesco were worth $221,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Point72 Asset Management L.P. grew its stake in shares of Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after purchasing an additional 3,507,900 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Invesco in the 4th quarter worth about $61,795,000. Norges Bank purchased a new stake in shares of Invesco during the 4th quarter worth about $59,713,000. Dimensional Fund Advisors LP lifted its holdings in shares of Invesco by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after buying an additional 2,592,039 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Invesco in the 1st quarter valued at approximately $41,475,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

Invesco stock traded up $0.66 during trading hours on Tuesday, hitting $15.63. The stock had a trading volume of 2,666,672 shares, compared to its average volume of 4,448,150. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The company has a market cap of $7.03 billion, a PE ratio of -19.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.47. The company has a 50-day moving average of $15.61 and a two-hundred day moving average of $15.66. The company has a quick ratio of 6.89, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating 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 analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Invesco’s revenue was down .4% on a year-over-year basis. On average, equities research analysts anticipate that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 5.25%. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IVZ. Morgan Stanley lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. BMO Capital Markets reissued a “market perform” rating and issued a $17.00 price objective (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price objective 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, JPMorgan Chase & Co. lowered their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.90.

About Invesco

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.