KBC Group NV Has $434,000 Position in Invesco Ltd. (NYSE:IVZ)

KBC Group NV increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 13.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,714 shares of the asset manager’s stock after acquiring an additional 3,014 shares during the period. KBC Group NV’s holdings in Invesco were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IVZ. Russell Investments Group Ltd. grew its position in Invesco by 152.4% in the first quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 32,989 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Invesco by 684.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 122,986 shares of the asset manager’s stock worth $2,028,000 after purchasing an additional 107,302 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Invesco by 35.5% in the 1st quarter. Acadian Asset Management LLC now owns 37,173 shares of the asset manager’s stock valued at $615,000 after purchasing an additional 9,747 shares during the last quarter. Edgestream Partners L.P. boosted its position in Invesco by 4.4% in the first quarter. Edgestream Partners L.P. now owns 47,298 shares of the asset manager’s stock valued at $785,000 after buying an additional 2,009 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Invesco by 33.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the asset manager’s stock worth $523,000 after buying an additional 7,966 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

IVZ stock opened at $17.25 on Wednesday. The firm has a market cap of $7.75 billion, a PE ratio of -18.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. 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 stock has a 50-day moving average price of $17.54 and a 200-day moving average price of $16.46. Invesco Ltd. has a 1-year low of $13.53 and a 1-year high of $18.94.

Invesco (NYSE:IVZ) last issued 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. 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 company posted $0.35 earnings per share. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. As a group, equities research analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. 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 4.75%. Invesco’s payout ratio is presently -89.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays raised their price objective 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. Wells Fargo & Company boosted their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.63.

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.