Forum Financial Management LP Grows Stock Holdings in Invesco Ltd. $IVZ

Forum Financial Management LP lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,327 shares of the asset manager’s stock after purchasing an additional 791 shares during the period. Forum Financial Management LP’s holdings in Invesco were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IVZ. Goldman Sachs Group Inc. lifted its position in shares of Invesco by 99.6% during the 1st 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 position in shares of Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock worth $165,262,000 after purchasing an additional 2,882,928 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Invesco during the 1st quarter worth $29,138,000. Jefferies Financial Group Inc. purchased a new stake in shares of Invesco during the 1st quarter worth $14,433,000. Finally, Principal Financial Group Inc. lifted its position in shares of Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock worth $21,213,000 after purchasing an additional 894,105 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 1.3%

NYSE IVZ opened at $22.97 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $10.24 billion, a PE ratio of 24.70, a P/E/G ratio of 0.82 and a beta of 1.66. Invesco Ltd. has a one year low of $11.60 and a one year high of $24.54. The firm’s fifty day moving average is $22.48 and its two-hundred day moving average is $18.43.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IVZ. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.00 price target (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Wells Fargo & Company upgraded shares of Invesco from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Cowen reiterated a “buy” rating on shares of Invesco in a research note on Thursday, September 18th. TD Cowen upgraded shares of Invesco from a “hold” rating to a “buy” rating and lifted their price target for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Finally, Citigroup lifted their price target on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.85.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the transaction, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. The trade was 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 hyperlink. Corporate insiders own 1.21% of the company’s stock.

About Invesco

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.