iA Global Asset Management Inc. Acquires Shares of 14,510 Invesco Ltd. (NYSE:IVZ)

iA Global Asset Management Inc. acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,510 shares of the asset manager’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the last quarter. Marshall Wace LLP boosted its holdings in Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares in the last quarter. Seven Eight Capital LP acquired a new position in Invesco in the second quarter valued at approximately $576,000. Algert Global LLC purchased a new position in Invesco in the second quarter valued at approximately $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $18.47 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. The firm has a market capitalization of $8.30 billion, a P/E ratio of -20.07, a PEG ratio of 1.03 and a beta of 1.43. The company’s fifty day moving average is $17.86 and its two-hundred day moving average is $16.70.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue was down 20.8% on a year-over-year basis. Analysts forecast that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.44%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.63.

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.