GAMMA Investing LLC Purchases New Position in Invesco Ltd. (NYSE:IVZ)

GAMMA Investing LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,611 shares of the asset manager’s stock, valued at approximately $82,000.

Other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its position in Invesco by 41.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 204,606 shares of the asset manager’s stock valued at $3,650,000 after buying an additional 60,394 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Invesco during the 4th quarter worth approximately $404,000. MCF Advisors LLC raised its stake in shares of Invesco by 16.1% during the fourth quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock worth $110,000 after buying an additional 855 shares during the last quarter. Signaturefd LLC lifted its holdings in Invesco by 28.5% in the fourth quarter. Signaturefd LLC now owns 14,507 shares of the asset manager’s stock valued at $259,000 after buying an additional 3,214 shares during the period. Finally, Greenleaf Trust bought a new stake in shares of Invesco during the 4th quarter valued at $263,000. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 1.4 %

Shares of NYSE IVZ opened at $14.46 on Tuesday. The business’s 50 day moving average is $15.67 and its 200-day moving average is $15.47. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.54. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.71.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 1.68 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend is Monday, May 13th. 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

A number of equities research analysts recently commented on the company. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. The Goldman Sachs Group dropped their price target on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. UBS Group reduced their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada upped their price target on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.