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

Vanguard Personalized Indexing Management LLC increased its position in Invesco Ltd. (NYSE:IVZ) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,453 shares of the asset manager’s stock after acquiring an additional 12,242 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Invesco were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Invesco by 99.6% during the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after purchasing an additional 3,507,150 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after purchasing an additional 2,882,928 shares during the period. Nuveen LLC purchased a new stake in Invesco during the first quarter worth $29,138,000. Jefferies Financial Group Inc. acquired a new stake in Invesco during the first quarter valued at $14,433,000. Finally, Principal Financial Group Inc. increased its holdings in Invesco by 177.3% in the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock valued at $21,213,000 after buying an additional 894,105 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Invesco to a “hold” rating in a research report on Tuesday, August 12th. Bank of America boosted their price objective on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Invesco in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Invesco in a research note on Thursday, September 18th. Finally, Evercore ISI boosted their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.72.

Invesco Price Performance

Shares of IVZ opened at $22.80 on Friday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $24.54. The company has a market capitalization of $10.17 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.66. The stock has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $18.05. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ) last announced its quarterly 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 net margin of 10.68% and a return on equity of 8.60%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Invesco’s dividend payout ratio is currently 90.32%.

Insiders Place Their Bets

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.