10,818 Shares in Invesco Ltd. $IVZ Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,818 shares of the asset manager’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Impact Partnership Wealth LLC lifted its stake in Invesco by 84.6% in the 2nd quarter. Impact Partnership Wealth LLC now owns 30,156 shares of the asset manager’s stock valued at $476,000 after purchasing an additional 13,817 shares during the last quarter. Amalgamated Bank lifted its stake in Invesco by 1.3% in the 2nd quarter. Amalgamated Bank now owns 82,280 shares of the asset manager’s stock valued at $1,298,000 after purchasing an additional 1,070 shares during the last quarter. Live Oak Private Wealth LLC lifted its stake in Invesco by 2.5% in the 2nd quarter. Live Oak Private Wealth LLC now owns 356,393 shares of the asset manager’s stock valued at $5,620,000 after purchasing an additional 8,751 shares during the last quarter. Assetmark Inc. lifted its stake in Invesco by 186.5% in the 2nd quarter. Assetmark Inc. now owns 15,743 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 10,249 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Invesco by 1.6% in the 2nd quarter. New York Life Investment Management LLC now owns 60,067 shares of the asset manager’s stock valued at $947,000 after purchasing an additional 951 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Insider Buying and Selling at Invesco

In other news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares in the company, valued at $4,523.52. This represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.21% of the company’s stock.

Invesco Price Performance

IVZ stock opened at $23.21 on Wednesday. The company has a fifty day moving average price of $22.83 and a 200-day moving average price of $19.00. The company has a market capitalization of $10.35 billion, a P/E ratio of 15.79, a PEG ratio of 0.85 and a beta of 1.66. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $24.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.30 and a current ratio of 1.30.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.44 earnings per share. Invesco’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Invesco’s dividend payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Bank of America increased their price objective on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Fundamental Research set a $27.00 price target on shares of Invesco in a research note on Friday. Morgan Stanley reaffirmed a “positive” rating on shares of Invesco in a research note on Monday, October 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Invesco in a research note on Friday, October 24th. Five research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.41.

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.