Invesco Ltd. (NYSE:IVZ) Shares Purchased by Insight Folios Inc

Insight Folios Inc increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 390,278 shares of the asset manager’s stock after purchasing an additional 7,777 shares during the quarter. Invesco accounts for approximately 2.6% of Insight Folios Inc’s portfolio, making the stock its 19th biggest position. Insight Folios Inc’s holdings in Invesco were worth $6,475,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IVZ. Point72 Asset Management L.P. grew its position in 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 valued at $67,016,000 after acquiring an additional 3,507,900 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Invesco in the 4th quarter valued at about $61,795,000. Norges Bank acquired a new position in Invesco in the 4th quarter valued at about $59,713,000. Dimensional Fund Advisors LP grew its position in Invesco by 23.1% in 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 acquiring an additional 2,592,039 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Invesco by 52.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock valued at $33,919,000 after acquiring an additional 799,977 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on IVZ. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. TD Cowen decreased their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Morgan Stanley lifted 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. BMO Capital Markets reiterated 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. Finally, The Goldman Sachs Group decreased 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.81.

Invesco Stock Up 0.3 %

IVZ stock traded up $0.05 during trading on Thursday, hitting $15.05. 1,119,054 shares of the company’s stock were exchanged, compared to its average volume of 3,592,680. The business has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $15.89. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of -20.07, a PEG ratio of 1.14 and a beta of 1.47. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. Invesco’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, equities research analysts expect that Invesco Ltd. will post 1.64 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.205 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.45%. Invesco’s payout ratio is -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.