First Trust Direct Indexing L.P. Makes New Investment in Invesco Ltd. (NYSE:IVZ)

First Trust Direct Indexing L.P. bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,092 shares of the asset manager’s stock, valued at approximately $358,000.

Several other large investors have also made changes to their positions in IVZ. Alaska Permanent Fund Corp raised its holdings in Invesco by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock worth $2,592,000 after purchasing an additional 767 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Invesco by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager’s stock worth $292,000 after buying an additional 843 shares during the last quarter. MCF Advisors LLC lifted its holdings in Invesco by 16.1% in the fourth quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock valued at $110,000 after buying an additional 855 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Wright Investors Service Inc. grew its holdings in Invesco by 2.1% during the 3rd quarter. Wright Investors Service Inc. now owns 54,275 shares of the asset manager’s stock worth $788,000 after acquiring an additional 1,102 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IVZ shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 price target (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price objective on shares of Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. Finally, TD Cowen reduced their target price on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $16.79.

Invesco Stock Performance

IVZ opened at $14.95 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The business’s 50-day moving average price is $15.58 and its two-hundred day moving average price is $15.52. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm had revenue of $1.48 billion during 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. On average, equities research analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.48%. 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 payout ratio is currently -106.67%.

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.