Pacer Advisors Inc. Purchases 1,409 Shares of Invesco Ltd. (NYSE:IVZ)

Pacer Advisors Inc. lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,205 shares of the asset manager’s stock after purchasing an additional 1,409 shares during the quarter. Pacer Advisors Inc.’s holdings in Invesco were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. Centennial Wealth Advisory LLC lifted its stake in Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after buying an additional 669 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Invesco by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after purchasing an additional 766 shares during the period. Wright Investors Service Inc. increased its holdings in Invesco by 2.1% during the 1st quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after purchasing an additional 944 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Invesco by 40.2% in the 4th quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 959 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

IVZ opened at $17.64 on Monday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of -23.52, a PEG ratio of 1.18 and a beta of 1.44. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28. The business has a 50 day moving average of $16.62 and a 200-day moving average of $15.88.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 annualized dividend and a yield of 4.65%. Invesco’s dividend payout ratio is currently -109.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Wells Fargo & Company started coverage on shares of Invesco in a research note on Thursday, September 12th. They set an “underweight” rating and a $16.00 price target for the company. Evercore ISI boosted their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group decreased their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada boosted their price target 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.