Quantbot Technologies LP Boosts Stock Position in Invesco Ltd. (NYSE:IVZ)

Quantbot Technologies LP grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,920 shares of the asset manager’s stock after buying an additional 26,704 shares during the period. Quantbot Technologies LP’s holdings in Invesco were worth $1,869,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sciencast Management LP purchased a new position in shares of Invesco during the 4th quarter valued at about $592,000. Kiker Wealth Management LLC purchased a new position in shares of Invesco during the 4th quarter valued at about $1,410,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Invesco during the 4th quarter valued at about $601,000. Vinva Investment Management Ltd lifted its position in shares of Invesco by 14.6% during the 4th quarter. Vinva Investment Management Ltd now owns 40,464 shares of the asset manager’s stock valued at $707,000 after buying an additional 5,143 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Invesco during the 4th quarter valued at about $222,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $15.34 on Monday. The company has a market cap of $6.86 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The business’s 50 day moving average price is $17.26 and its 200-day moving average price is $17.45. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent analyst reports. Argus lifted their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price on the stock. TD Cowen decreased their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. UBS Group lifted their target price on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley lifted their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.94.

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.