Duality Advisers LP Invests $404,000 in Invesco Ltd. (NYSE:IVZ)

Duality Advisers LP purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,624 shares of the asset manager’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IVZ. Northern Trust Corp grew its stake in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. AQR Capital Management LLC lifted its position in Invesco by 52.1% during the third quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after buying an additional 799,977 shares in the last quarter. Deutsche Bank AG lifted its position in Invesco by 26.4% during the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after buying an additional 402,098 shares in the last quarter. Barclays PLC lifted its position in Invesco by 36.1% during the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock worth $26,907,000 after buying an additional 492,032 shares in the last quarter. Finally, UBS Group AG increased its stake in Invesco by 0.9% during the third quarter. UBS Group AG now owns 1,685,054 shares of the asset manager’s stock worth $24,467,000 after acquiring an additional 14,242 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 0.1 %

Shares of IVZ stock opened at $14.51 on Friday. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The stock’s 50-day moving average price is $15.70 and its 200 day moving average price is $15.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that Invesco Ltd. will post 1.74 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.205 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.65%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is presently -106.67%.

Analysts Set New Price Targets

IVZ has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada lifted their target price on Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. TheStreet lowered Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Finally, The Goldman Sachs Group decreased their price target on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.79.

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.