Two Sigma Advisers LP Boosts Stock Position in Invesco Ltd. (NYSE:IVZ)

Two Sigma Advisers LP grew its holdings in Invesco Ltd. (NYSE:IVZ) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,768,900 shares of the asset manager’s stock after buying an additional 466,400 shares during the quarter. Two Sigma Advisers LP owned 0.84% of Invesco worth $65,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IVZ. Norges Bank purchased a new stake in shares of Invesco during the fourth quarter worth approximately $57,459,000. AQR Capital Management LLC increased its position in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after purchasing an additional 2,264,551 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after purchasing an additional 1,642,645 shares in the last quarter. Amundi increased its position in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after purchasing an additional 1,472,178 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Invesco by 58.6% during the fourth quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock worth $58,289,000 after purchasing an additional 1,232,359 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on IVZ shares. BMO Capital Markets boosted their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Argus boosted their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Evercore ISI boosted their price target on Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 23rd. Barclays upped their target price on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, April 23rd. Finally, Bank of America dropped their target price on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.25.

Invesco Stock Performance

Shares of Invesco stock opened at $15.33 on Tuesday. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The business’s fifty day simple moving average is $14.30 and its 200-day simple moving average is $16.49. The firm has a market cap of $6.86 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company posted $0.33 EPS. Equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is 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.