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

Xponance Inc. raised its position in Invesco Ltd. (NYSE:IVZ) by 136.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,197 shares of the asset manager’s stock after buying an additional 61,309 shares during the period. Xponance Inc.’s holdings in Invesco were worth $1,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Corient Private Wealth LLC increased its position in shares of Invesco by 30.9% during the fourth quarter. Corient Private Wealth LLC now owns 39,163 shares of the asset manager’s stock worth $699,000 after purchasing an additional 9,254 shares in the last quarter. Commerce Bank boosted its stake in Invesco by 201.2% during the 4th quarter. Commerce Bank now owns 38,787 shares of the asset manager’s stock worth $692,000 after purchasing an additional 25,909 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Invesco by 24.1% during the fourth quarter. Hsbc Holdings PLC now owns 929,376 shares of the asset manager’s stock worth $16,640,000 after buying an additional 180,239 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Invesco by 40.2% in the fourth quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock valued at $60,000 after buying an additional 959 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Invesco in the fourth quarter worth about $288,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on IVZ shares. The Goldman Sachs Group dropped their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI increased their price target on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. Barclays initiated coverage on Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Finally, Royal Bank of Canada boosted their price target on shares of Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.08.

Invesco Stock Up 2.8 %

Shares of IVZ opened at $17.74 on Friday. The company’s 50-day moving average price is $16.59 and its 200 day moving average price is $15.87. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.98 billion, a P/E ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is -109.33%.

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.