Edgestream Partners L.P. Acquires Shares of 37,348 Invesco Ltd. (NYSE:IVZ)

Edgestream Partners L.P. purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,348 shares of the asset manager's stock, valued at approximately $656,000.

A number of other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock worth $270,540,000 after acquiring an additional 3,349,069 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock valued at $18,269,000 after purchasing an additional 654,960 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock valued at $15,982,000 after buying an additional 516,622 shares during the period. Algert Global LLC lifted its holdings in Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager's stock worth $8,451,000 after buying an additional 444,470 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager's stock worth $35,274,000 after buying an additional 377,786 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Performance

Invesco stock traded down $0.02 during trading hours on Friday, hitting $17.88. 1,034,504 shares of the stock traded hands, compared to its average volume of 4,124,476. The firm's 50 day moving average price is $17.82 and its 200-day moving average price is $16.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of -19.34, a P/E/G ratio of 1.03 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business earned $0.35 earnings per share. Invesco's quarterly revenue was down 20.8% on a year-over-year basis. As a group, equities analysts expect that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Thursday, November 14th. Invesco's dividend payout ratio (DPR) is presently -89.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price objective on Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Barclays increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Invesco presently has a consensus rating of "Hold" and an average target price of $18.63.

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.