Azora Capital LP Takes Position in Invesco Ltd. (NYSE:IVZ)

Azora Capital LP bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,554,036 shares of the asset manager’s stock, valued at approximately $27,289,000. Invesco makes up about 1.5% of Azora Capital LP’s portfolio, making the stock its 23rd biggest position. Azora Capital LP owned approximately 0.35% of Invesco at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IVZ. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Invesco by 190.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,537 shares of the asset manager’s stock worth $326,000 after purchasing an additional 12,147 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Invesco during the 3rd quarter worth approximately $1,894,000. True Wealth Design LLC acquired a new position in Invesco during the 3rd quarter worth approximately $77,000. Edgestream Partners L.P. bought a new position in Invesco in the third quarter worth approximately $656,000. Finally, Verition Fund Management LLC grew its stake in Invesco by 83.3% in the third quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager’s stock valued at $865,000 after acquiring an additional 22,377 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of NYSE IVZ opened at $18.09 on Monday. The company has a market capitalization of $8.13 billion, a PE ratio of -19.66, a PEG ratio of 1.04 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $17.77 and its 200-day moving average price is $16.59. Invesco Ltd. has a twelve month low of $14.14 and a twelve month high of $18.94.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley lifted their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.63.

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.