Gold Investment Management Ltd. Boosts Stock Position in Invesco Ltd. $IVZ

Gold Investment Management Ltd. grew its position in Invesco Ltd. (NYSE:IVZ) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,324 shares of the asset manager’s stock after acquiring an additional 2,624 shares during the quarter. Gold Investment Management Ltd.’s holdings in Invesco were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Jump Financial LLC increased its holdings in shares of Invesco by 30.2% in the 1st quarter. Jump Financial LLC now owns 231,218 shares of the asset manager’s stock valued at $3,508,000 after acquiring an additional 53,608 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Invesco by 8.5% in the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager’s stock valued at $6,148,000 after acquiring an additional 31,643 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Invesco by 177.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock valued at $21,213,000 after acquiring an additional 894,105 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Invesco by 25.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager’s stock valued at $3,021,000 after acquiring an additional 40,665 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager’s stock worth $296,000 after buying an additional 3,778 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 0.8%

NYSE:IVZ opened at $23.13 on Thursday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $23.20. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.30 and a beta of 1.66. The business has a fifty day moving average of $21.75 and a 200-day moving average of $17.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Invesco’s dividend payout ratio is presently 90.32%.

Analysts Set New Price Targets

IVZ has been the subject of a number of recent research reports. Royal Bank Of Canada restated 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. Citigroup upped their price objective on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday. Cowen restated a “buy” rating on shares of Invesco in a research note on Thursday, September 18th. Barclays upped their price objective on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 23rd. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Invesco in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.98.

Insider Activity

In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the transaction, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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.