R Squared Ltd Buys New Position in Invesco Ltd. (NYSE:IVZ)

R Squared Ltd purchased a new position in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, Holdings Channel reports. The fund purchased 9,320 shares of the asset manager’s stock, valued at approximately $163,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board raised its holdings in Invesco by 12.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock worth $1,133,000 after purchasing an additional 8,317 shares during the period. The Manufacturers Life Insurance Company increased its position in Invesco by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 319,240 shares of the asset manager’s stock worth $4,776,000 after buying an additional 2,451 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Invesco by 19.3% in the second quarter. Mackenzie Financial Corp now owns 57,647 shares of the asset manager’s stock worth $862,000 after buying an additional 9,336 shares during the period. Algert Global LLC purchased a new position in shares of Invesco during the 2nd quarter valued at about $551,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after acquiring an additional 946 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group lifted their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets increased their target price on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.71.

Invesco Price Performance

IVZ stock opened at $18.99 on Thursday. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.49. The firm has a market capitalization of $8.54 billion, a P/E ratio of -20.64, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $17.28. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Analysts anticipate that Invesco Ltd. will post 1.7 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is currently -89.13%.

Invesco Company 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.