121,777 Shares in Invesco Ltd. (NYSE:IVZ) Bought by Tidal Investments LLC

Tidal Investments LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 121,777 shares of the asset manager’s stock, valued at approximately $2,020,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVZ. Gables Capital Management Inc. lifted its holdings in Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after acquiring an additional 700 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP bought a new stake in shares of Invesco in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Invesco by 182.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Invesco in the first quarter valued at about $52,000. 66.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. TD Cowen dropped their target price on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their price target on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 target price (down previously from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.90.

Invesco Price Performance

Shares of IVZ traded down $1.03 during trading hours on Friday, reaching $15.79. The stock had a trading volume of 1,521,998 shares, compared to its average volume of 4,413,570. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.28. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average is $15.62 and its two-hundred day moving average is $15.70.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 7.64% and a negative net margin of 1.73%. Invesco’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 5.19%. Invesco’s payout ratio is -109.33%.

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.