Thrivent Financial for Lutherans Has $8.43 Million Holdings in Invesco Ltd. (NYSE:IVZ)

Thrivent Financial for Lutherans grew its position in Invesco Ltd. (NYSE:IVZ) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 563,301 shares of the asset manager’s stock after acquiring an additional 37,045 shares during the period. Thrivent Financial for Lutherans owned 0.13% of Invesco worth $8,427,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. grew its holdings in Invesco by 1,411.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after acquiring an additional 3,507,900 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Invesco during the fourth quarter worth $61,795,000. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Swedbank AB acquired a new stake in Invesco in the first quarter valued at $41,475,000. Finally, Ossiam raised its position in Invesco by 2,712.9% during the 1st quarter. Ossiam now owns 680,157 shares of the asset manager’s stock worth $11,284,000 after purchasing an additional 655,977 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Up 2.8 %

NYSE:IVZ opened at $17.74 on Friday. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.28. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of -23.65, a PEG ratio of 1.18 and a beta of 1.44. The firm has a fifty day simple moving average of $16.59 and a two-hundred day simple moving average of $15.87.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s payout ratio is -109.33%.

Analysts Set New Price Targets

A number of research firms have commented on IVZ. Barclays initiated coverage on Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price target on the stock. Evercore ISI upped their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. StockNews.com lowered shares of Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average price target of $17.08.

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.