Invesco Ltd. $IVZ Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 21.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,453 shares of the asset manager’s stock after acquiring an additional 12,242 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Invesco were worth $1,111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC grew its stake in shares of Invesco by 30.2% in the first quarter. Jump Financial LLC now owns 231,218 shares of the asset manager’s stock valued at $3,508,000 after buying an additional 53,608 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Invesco by 8.5% in the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager’s stock valued at $6,148,000 after acquiring an additional 31,643 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock worth $21,213,000 after purchasing an additional 894,105 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Invesco by 25.7% in the first quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager’s stock valued at $3,021,000 after buying an additional 40,665 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Invesco by 24.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager’s stock valued at $296,000 after buying an additional 3,778 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 analysts have weighed in on IVZ shares. Citigroup raised their price objective on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Bank of America upped their target price on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Evercore ISI increased their price objective on Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. BMO Capital Markets assumed coverage on shares of Invesco in a report on Friday, October 3rd. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $21.72.

Invesco Stock Performance

Shares of IVZ stock opened at $22.80 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $24.54. The business’s fifty day moving average price is $22.31 and its 200 day moving average price is $18.05. The firm has a market capitalization of $10.17 billion, a PE ratio of 24.52, a P/E/G ratio of 0.81 and a beta of 1.66.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast 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 was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 3.7%. Invesco’s dividend payout ratio is 90.32%.

Insiders Place Their Bets

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the transaction, the director owned 29,855 shares in the company, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company’s stock.

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.