Cwm LLC Boosts Stock Holdings in Invesco Ltd. (NYSE:IVZ)

CWM LLC raised its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 640.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,179 shares of the asset manager's stock after buying an additional 90,981 shares during the period. CWM LLC's holdings in Invesco were worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Dimensional Fund Advisors LP increased its position 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 valued at $270,540,000 after purchasing an additional 3,349,069 shares during the period. Swedbank AB bought a new position in Invesco in the first quarter worth about $41,475,000. Bank of New York Mellon Corp lifted its holdings in Invesco by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager's stock worth $37,241,000 after buying an additional 30,016 shares during the period. AQR Capital Management LLC boosted its position in Invesco by 19.0% during 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Invesco by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager's stock worth $24,843,000 after acquiring an additional 58,332 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Up 2.7 %

NYSE IVZ traded up $0.47 during mid-day trading on Wednesday, reaching $18.17. The stock had a trading volume of 2,181,268 shares, compared to its average volume of 4,235,188. The stock has a market cap of $8.17 billion, a PE ratio of -24.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The company has a fifty day moving average price of $16.87 and a 200 day moving average price of $16.03.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company's revenue was down .4% on a year-over-year basis. On average, research analysts expect that Invesco Ltd. will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, August 16th. Invesco's payout ratio is presently -109.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on IVZ shares. Evercore ISI raised their target price on Invesco from $17.00 to $18.00 and gave the company an "in-line" rating in a research note on Tuesday, August 20th. Royal Bank of Canada raised their price objective on Invesco from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. Wells Fargo & Company lifted their price target on shares of Invesco from $16.00 to $16.50 and gave the company an "underweight" rating in a research report on Wednesday, October 9th. Finally, Barclays assumed coverage on shares of Invesco in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $18.00 price objective on the stock. One research 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, the stock presently has an average rating of "Hold" and an average target price of $17.42.

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.