GAMMA Investing LLC Has $330,000 Holdings in Invesco Ltd. (NYSE:IVZ)

GAMMA Investing LLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,902 shares of the asset manager’s stock after acquiring an additional 2,705 shares during the period. GAMMA Investing LLC’s holdings in Invesco were worth $330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco during the 3rd quarter worth about $1,428,196,000. State Street Corp boosted its position in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after buying an additional 151,408 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Geode Capital Management LLC raised its position in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after buying an additional 93,126 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group increased their price target on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus price target of $18.88.

Invesco Trading Down 1.9 %

IVZ stock opened at $17.42 on Tuesday. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -18.93, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $17.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities analysts anticipate that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.71%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.