70,100 Shares in Invesco Ltd. $IVZ Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC bought a new position in Invesco Ltd. (NYSE:IVZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 70,100 shares of the asset manager’s stock, valued at approximately $1,105,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. IFP Advisors Inc raised its stake in Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 761 shares during the period. Forum Financial Management LP raised its position in shares of Invesco by 4.8% in the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 791 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Invesco by 6.8% during the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock valued at $189,000 after buying an additional 792 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Invesco by 17.1% in the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager’s stock worth $83,000 after buying an additional 800 shares during the period. Finally, UMB Bank n.a. grew its stake in Invesco by 45.8% in the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after buying an additional 824 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of NYSE IVZ opened at $24.65 on Thursday. The stock’s 50-day moving average is $23.05 and its 200 day moving average is $19.39. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.85 and a beta of 1.72. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $24.75. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.67.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a return on equity of 8.52% and a net margin of 14.15%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

Insider Buying and Selling at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director owned 192 shares in the company, valued at $4,523.52. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the transaction, the director directly owned 29,855 shares of the company’s stock, valued at $660,392.60. The trade was a 77.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Invesco in a research report on Friday, October 24th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Morgan Stanley reissued a “positive” rating on shares of Invesco in a report on Monday, October 6th. Evercore ISI raised their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada upped their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $23.70.

About Invesco

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.