Versor Investments LP Buys Shares of 50,200 Invesco Ltd. (NYSE:IVZ)

Versor Investments LP acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 50,200 shares of the asset manager's stock, valued at approximately $882,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of Invesco in the 2nd quarter worth about $28,000. Sentry Investment Management LLC purchased a new stake in Invesco in the second quarter worth approximately $30,000. Allworth Financial LP grew its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Invesco by 50.0% during the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock worth $60,000 after acquiring an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Invesco during the second quarter worth approximately $61,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on IVZ. Barclays increased their target price on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price target on Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.63.

Invesco Trading Down 0.8 %

Shares of NYSE:IVZ traded down $0.14 on Wednesday, hitting $17.65. The company had a trading volume of 3,475,738 shares, compared to its average volume of 4,209,435. Invesco Ltd. has a 1 year low of $13.40 and a 1 year high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm's 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $16.36. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of -19.18, a P/E/G ratio of 1.02 and a beta of 1.44.

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

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's dividend payout ratio is currently -89.13%.

About Invesco

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.