GSA Capital Partners LLP Purchases New Holdings in Invesco Ltd. (NYSE:IVZ)

GSA Capital Partners LLP acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 48,566 shares of the asset manager’s stock, valued at approximately $853,000.

A number of other institutional investors also recently made changes to their positions in the business. Family Firm Inc. bought a new stake in shares of Invesco in the second quarter worth $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 2nd quarter worth about $30,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco during the second quarter worth about $61,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on IVZ. Morgan Stanley boosted their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Barclays boosted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Evercore ISI boosted their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.63.

Invesco Trading Down 0.4 %

Invesco stock opened at $17.67 on Friday. The firm has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $16.40. Invesco Ltd. has a 52-week low of $13.53 and a 52-week high of $18.94. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of -19.21, a PEG ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was down 20.8% on a year-over-year basis. Sell-side analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The firm 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 dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is -89.13%.

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.