Duality Advisers LP Invests $404,000 in Invesco Ltd. (NYSE:IVZ)

Duality Advisers LP bought a new position in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,624 shares of the asset manager’s stock, valued at approximately $404,000.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in Invesco by 30.7% in the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after acquiring an additional 1,395,023 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Invesco by 52.1% during the third quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock valued at $33,919,000 after buying an additional 799,977 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Invesco by 26.4% during the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock valued at $27,913,000 after buying an additional 402,098 shares during the last quarter. Barclays PLC raised its holdings in shares of Invesco by 36.1% during the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock valued at $26,907,000 after buying an additional 492,032 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Invesco by 0.9% during the third quarter. UBS Group AG now owns 1,685,054 shares of the asset manager’s stock valued at $24,467,000 after acquiring an additional 14,242 shares during the period. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on IVZ shares. Morgan Stanley raised their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Royal Bank of Canada lifted their price target on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets restated a “market perform” rating and issued a $17.00 price target (down previously from $18.00) on shares of Invesco in a research report on Wednesday. Finally, UBS Group decreased their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus price target of $16.79.

Invesco Stock Performance

IVZ stock opened at $14.51 on Friday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $15.43.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts expect that Invesco Ltd. will post 1.74 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio (DPR) is -106.67%.

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.