Gold Investment Management Ltd. Buys 1,644 Shares of Invesco Ltd. (NYSE:IVZ)

Gold Investment Management Ltd. boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,581 shares of the asset manager’s stock after purchasing an additional 1,644 shares during the quarter. Gold Investment Management Ltd.’s holdings in Invesco were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Invesco during the first quarter valued at approximately $169,000. Norden Group LLC purchased a new position in shares of Invesco during the 1st quarter valued at $450,000. Daiwa Securities Group Inc. raised its holdings in Invesco by 22.8% during the first quarter. Daiwa Securities Group Inc. now owns 14,794 shares of the asset manager’s stock valued at $245,000 after acquiring an additional 2,748 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Invesco by 4.5% in the first quarter. Texas Permanent School Fund Corp now owns 103,613 shares of the asset manager’s stock worth $1,719,000 after acquiring an additional 4,491 shares during the period. Finally, Duality Advisers LP grew its position in shares of Invesco by 323.0% during the first quarter. Duality Advisers LP now owns 95,689 shares of the asset manager’s stock worth $1,587,000 after purchasing an additional 73,065 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

NYSE IVZ traded down $0.17 on Friday, hitting $18.11. 66,242 shares of the company’s stock traded hands, compared to its average volume of 4,204,180. The firm has a market capitalization of $8.15 billion, a PE ratio of -19.87, a P/E/G ratio of 1.00 and a beta of 1.44. Invesco Ltd. has a 1-year low of $12.68 and a 1-year high of $18.94. The firm’s 50-day moving average price is $17.33 and its two-hundred day moving average price is $16.26. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. As a group, analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is -89.13%.

Wall Street Analyst Weigh In

IVZ has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted 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 Friday, October 18th. Barclays boosted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Evercore ISI upped their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.46.

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.