Wrapmanager Inc. Boosts Holdings in Invesco Ltd. (IVZ)

Wrapmanager Inc. raised its stake in Invesco Ltd. (NYSE:IVZ) by 10.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 38,080 shares of the asset manager’s stock after acquiring an additional 3,608 shares during the period. Wrapmanager Inc.’s holdings in Invesco were worth $735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Invesco by 58.8% in the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after buying an additional 532 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of Invesco by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after buying an additional 1,231 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Invesco by 46.2% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after buying an additional 699 shares in the last quarter. Rational Advisors LLC increased its holdings in shares of Invesco by 411.3% in the fourth quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock valued at $42,000 after buying an additional 2,040 shares in the last quarter. Finally, Oakworth Capital Inc. increased its holdings in shares of Invesco by 30.3% in the fourth quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock valued at $48,000 after buying an additional 670 shares in the last quarter. 81.29% of the stock is currently owned by institutional investors.

In related news, Director Ben F. Johnson III bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $21.37 per share, with a total value of $213,700.00. Following the completion of the purchase, the director now directly owns 54,618 shares in the company, valued at $1,167,186.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rod Canion bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average cost of $18.89 per share, for a total transaction of $377,800.00. Following the completion of the purchase, the director now owns 84,451 shares of the company’s stock, valued at $1,595,279.39. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Several analysts have issued reports on the stock. William Blair reissued a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. Deutsche Bank upped their price target on shares of Invesco from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Credit Suisse Group restated a “hold” rating on shares of Invesco in a research report on Thursday, January 31st. Barclays cut shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a research report on Thursday, January 31st. Finally, Morgan Stanley set a $19.00 price target on shares of Invesco and gave the company a “hold” rating in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Invesco has an average rating of “Hold” and a consensus target price of $22.00.

NYSE IVZ traded up $0.61 on Tuesday, hitting $20.43. 80,318 shares of the company were exchanged, compared to its average volume of 4,437,690. The firm has a market cap of $8.34 billion, a PE ratio of 8.41, a P/E/G ratio of 1.04 and a beta of 1.57. Invesco Ltd. has a 12 month low of $15.38 and a 12 month high of $28.98. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.86.

Invesco (NYSE:IVZ) last issued its earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $884.93 million. Invesco had a net margin of 15.59% and a return on equity of 10.48%. Invesco’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, equities analysts predict that Invesco Ltd. will post 2.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Invesco’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 6.07%. Invesco’s dividend payout ratio is currently 51.03%.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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