Holocene Advisors LP Invests $3.45 Million in Invesco Ltd. (NYSE:IVZ)

Holocene Advisors LP acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196,350 shares of the asset manager's stock, valued at approximately $3,448,000.

Other institutional investors have also modified their holdings of the company. Azora Capital LP bought a new stake in shares of Invesco in the 3rd quarter worth about $27,289,000. Point72 Asia Singapore Pte. Ltd. raised its position in Invesco by 190.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,537 shares of the asset manager's stock worth $326,000 after purchasing an additional 12,147 shares during the period. Erste Asset Management GmbH bought a new stake in Invesco in the third quarter worth about $1,894,000. True Wealth Design LLC purchased a new position in shares of Invesco during the third quarter valued at approximately $77,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Invesco during the third quarter valued at approximately $656,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Down 0.4 %

NYSE IVZ traded down $0.07 during midday trading on Friday, hitting $17.83. 2,320,786 shares of the company traded hands, compared to its average volume of 4,130,442. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $18.94. The company's 50-day simple moving average is $17.82 and its 200-day simple moving average is $16.64. The company has a market cap of $8.01 billion, a PE ratio of -19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

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

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.60%. Invesco's dividend payout ratio (DPR) is -89.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, November 11th. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.