Invesco Ltd. $IVZ Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 55.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,409 shares of the asset manager’s stock after purchasing an additional 23,239 shares during the quarter. Vise Technologies Inc.’s holdings in Invesco were worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IVZ. California State Teachers Retirement System increased its holdings in Invesco by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock valued at $10,140,000 after acquiring an additional 79,273 shares during the last quarter. NewEdge Advisors LLC increased its stake in Invesco by 229.7% in the 2nd quarter. NewEdge Advisors LLC now owns 222,541 shares of the asset manager’s stock worth $5,873,000 after acquiring an additional 155,038 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Invesco by 2,633.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager’s stock valued at $23,330,000 after purchasing an additional 925,300 shares in the last quarter. Sonoma Allocations LLC purchased a new stake in Invesco during the second quarter valued at $11,797,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Invesco by 5,543.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 68,455 shares of the asset manager’s stock worth $1,839,000 after buying an additional 67,242 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the subject of several recent research reports. Evercore set a $34.00 price target on Invesco in a research report on Friday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th. Morgan Stanley increased their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Finally, BMO Capital Markets upped their price objective on Invesco from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Moderate Buy” and an average price target of $33.79.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $27.06 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of -39.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.69. The firm has a 50 day moving average of $30.18 and a 200 day moving average of $27.99. Invesco Ltd. has a 52 week low of $21.82 and a 52 week high of $33.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. Invesco had a negative net margin of 1.10% and a positive return on equity of 13.49%. Invesco’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, sell-side analysts predict that Invesco Ltd. will post 2.80 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Friday, November 13th will be issued a dividend of $0.2150 per share. The ex-dividend date is Friday, November 13th. This represents a $0.86 annualized dividend and a dividend yield of 3.2%. Invesco’s dividend payout ratio is -124.64%.

Insider Activity at Invesco

In other Invesco news, Director Andrew Tak Shing Lo sold 100,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the transaction, the director owned 812,477 shares in the company, valued at approximately $26,161,759.40. This represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Laura Dukes sold 31,075 shares of Invesco stock in a transaction on Friday, September 4th. The stock was sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the sale, the chief financial officer owned 259,183 shares of the company’s stock, valued at $8,594,508.28. The trade was a 10.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,540 shares of company stock valued at $7,227,167 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Invesco Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.