Invesco Ltd. (NYSE:IVZ) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,768,900 shares of the asset manager’s stock after acquiring an additional 466,400 shares during the period. Two Sigma Advisers LP’s holdings in Invesco were worth $65,880,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new position in Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd lifted its stake in Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,531 shares in the last quarter. Crews Bank & Trust acquired a new position in Invesco during the 4th quarter worth about $44,000. Resona Asset Management Co. Ltd. acquired a new position in Invesco during the 4th quarter worth about $52,000. Finally, Assetmark Inc. lifted its stake in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after acquiring an additional 2,770 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IVZ shares. Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Evercore ISI increased their price target on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. BMO Capital Markets increased their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Finally, Bank of America reduced their price target on Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and an average price target of $17.25.

Invesco Trading Down 0.7%

IVZ opened at $15.33 on Tuesday. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The company has a market cap of $6.86 billion, a P/E ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47. 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 simple moving average is $14.30 and its 200-day simple moving average is $16.49.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is currently 67.20%.

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.