Versor Investments LP Takes Position in Invesco Ltd. (NYSE:IVZ)

Versor Investments LP acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,200 shares of the asset manager’s stock, valued at approximately $882,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IVZ. Family Firm Inc. bought a new position in Invesco during the 2nd quarter valued at $28,000. Sentry Investment Management LLC bought a new stake in Invesco during the second quarter worth approximately $30,000. Allworth Financial LP grew its position in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after buying an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Invesco during the 2nd quarter valued at $61,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.63.

Invesco Stock Performance

NYSE IVZ opened at $17.79 on Wednesday. The company’s fifty day moving average is $17.39 and its two-hundred day moving average is $16.35. Invesco Ltd. has a 52-week low of $12.82 and a 52-week high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of -19.34, a P/E/G ratio of 1.03 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. Equities research analysts forecast 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 $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, November 14th. Invesco’s payout ratio is -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.