Federated Investors Inc. PA Increases Position in Invesco (IVZ)

Federated Investors Inc. PA boosted its position in shares of Invesco (NYSE:IVZ) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 844,344 shares of the asset manager’s stock after buying an additional 13,647 shares during the period. Federated Investors Inc. PA owned approximately 0.21% of Invesco worth $27,027,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Republic Investment Management Inc. boosted its stake in Invesco by 17.5% during the fourth quarter. First Republic Investment Management Inc. now owns 43,416 shares of the asset manager’s stock valued at $1,586,000 after buying an additional 6,457 shares during the last quarter. Sawtooth Solutions LLC lifted its stake in shares of Invesco by 205.1% in the 4th quarter. Sawtooth Solutions LLC now owns 43,530 shares of the asset manager’s stock valued at $1,590,000 after purchasing an additional 29,264 shares during the last quarter. MUFG Americas Holdings Corp lifted its stake in shares of Invesco by 302.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock valued at $1,085,000 after purchasing an additional 22,312 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in shares of Invesco by 137.8% in the 4th quarter. ETRADE Capital Management LLC now owns 13,937 shares of the asset manager’s stock valued at $509,000 after purchasing an additional 8,076 shares during the last quarter. Finally, FDx Advisors Inc. lifted its stake in shares of Invesco by 2.1% in the 4th quarter. FDx Advisors Inc. now owns 102,153 shares of the asset manager’s stock valued at $3,733,000 after purchasing an additional 2,108 shares during the last quarter. 80.04% of the stock is owned by institutional investors.

IVZ has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Invesco in a research note on Wednesday, April 11th. Credit Suisse Group reaffirmed a “buy” rating on shares of Invesco in a research note on Thursday, February 1st. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and lowered their price objective for the company from $39.00 to $38.00 in a research note on Tuesday, February 13th. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, February 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $40.00 price objective (up from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Invesco presently has a consensus rating of “Hold” and an average price target of $40.36.

In other Invesco news, Director Sarah Beshar purchased 2,970 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $33.32 per share, with a total value of $98,960.40. Following the purchase, the director now owns 8,837 shares of the company’s stock, valued at $294,448.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Annette Lege sold 5,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.31, for a total value of $171,550.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Shares of IVZ stock opened at $28.43 on Thursday. Invesco has a 52-week low of $27.35 and a 52-week high of $38.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $11.73 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.99 and a beta of 1.70.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Invesco had a return on equity of 12.95% and a net margin of 21.96%. The firm had revenue of $958.00 million during the quarter, compared to analyst estimates of $979.91 million. During the same period last year, the company earned $0.61 EPS. Invesco’s quarterly revenue was up 10.5% compared to the same quarter last year. research analysts expect that Invesco will post 2.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be paid a dividend of $0.30 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Thursday, May 10th. Invesco’s dividend payout ratio (DPR) is currently 44.44%.

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.

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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