Y Intercept Hong Kong Ltd Boosts Stock Holdings in Invesco Ltd. $IVZ

Y Intercept Hong Kong Ltd increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 151.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 230,252 shares of the asset manager’s stock after purchasing an additional 138,752 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.05% of Invesco worth $3,631,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC increased its holdings in 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 increased 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 buying an additional 31,643 shares in the last quarter. 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. 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Invesco by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock valued at $67,551,000 after buying an additional 29,613 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen raised shares of Invesco from a “hold” rating to a “buy” rating and increased their target price for the company from $17.50 to $25.00 in a report on Monday, July 21st. Bank of America increased their target price on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Morgan Stanley reaffirmed a “positive” rating on shares of Invesco in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invesco in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.57.

Insider Transactions at Invesco

In related news, Director Stephanie Butcher sold 103,192 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.21% of the company’s stock.

Invesco Stock Up 0.4%

Shares of NYSE IVZ opened at $24.06 on Thursday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $24.75. The firm’s 50 day moving average price is $22.66 and its 200 day moving average price is $18.66. The firm has a market cap of $10.73 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.30 and a current ratio of 1.30.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.44 earnings per share. Invesco’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Invesco’s dividend payout ratio (DPR) is 90.32%.

Invesco 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.