Pathstone Holdings LLC Raises Stock Position in Invesco Ltd. (NYSE:IVZ)

Pathstone Holdings LLC lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,054 shares of the asset manager’s stock after acquiring an additional 8,101 shares during the quarter. Pathstone Holdings LLC’s holdings in Invesco were worth $1,897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Swedbank AB acquired a new position in shares of Invesco during the 1st quarter worth $41,475,000. Marshall Wace LLP boosted its position in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after buying an additional 654,960 shares in the last quarter. AQR Capital Management LLC grew its stake in Invesco by 19.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after acquiring an additional 377,786 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in Invesco during the 3rd quarter valued at about $4,889,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Morgan Stanley increased their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Stock Performance

NYSE:IVZ opened at $18.14 on Wednesday. Invesco Ltd. has a fifty-two week low of $13.53 and a fifty-two week high of $18.94. The firm’s 50 day moving average is $17.68 and its two-hundred day moving average is $16.53. The company has a market cap of $8.15 billion, a P/E ratio of -19.73, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.