Van ECK Associates Corp Takes Position in Invesco Ltd. (NYSE:IVZ)

Van ECK Associates Corp acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 159,442 shares of the asset manager's stock, valued at approximately $2,790,000.

Other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Invesco during the first quarter valued at approximately $169,000. Texas Permanent School Fund Corp boosted its position in Invesco by 4.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 103,613 shares of the asset manager's stock valued at $1,719,000 after buying an additional 4,491 shares during the last quarter. Swiss National Bank increased its stake in shares of Invesco by 0.4% in the 1st quarter. Swiss National Bank now owns 665,700 shares of the asset manager's stock valued at $11,044,000 after buying an additional 2,600 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Invesco during the first quarter worth $1,949,000. Finally, Headlands Technologies LLC acquired a new position in shares of Invesco during the first quarter valued at $194,000. Institutional investors own 66.09% of the company's stock.

Invesco Stock Up 1.7 %

Shares of NYSE:IVZ traded up $0.31 during trading on Monday, hitting $18.29. 2,842,036 shares of the company's stock traded hands, compared to its average volume of 4,211,125. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $17.34 and a 200-day moving average price of $16.30. Invesco Ltd. has a 52 week low of $12.82 and a 52 week high of $18.94. The company has a market cap of $8.22 billion, a price-to-earnings ratio of -19.93, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44.

Invesco (NYSE:IVZ - Get Free Report) last released 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 negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business's quarterly revenue was down 20.8% compared to the same quarter last year. As a group, research analysts forecast that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.48%. Invesco's dividend payout ratio (DPR) is -89.13%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Morgan Stanley lifted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Barclays lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of "Hold" and an average price target 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.