Natixis Advisors LLC Boosts Holdings in Invesco Ltd. (NYSE:IVZ)

Natixis Advisors LLC lifted its stake in Invesco Ltd. (NYSE:IVZ) by 39.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,096 shares of the asset manager’s stock after purchasing an additional 4,862 shares during the period. Natixis Advisors LLC’s holdings in Invesco were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. D.A. Davidson & CO. lifted its position in shares of Invesco by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager’s stock worth $720,000 after purchasing an additional 755 shares during the period. True Wealth Design LLC lifted its position in shares of Invesco by 18.3% in the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock worth $91,000 after purchasing an additional 801 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Invesco by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock valued at $2,677,000 after acquiring an additional 835 shares during the period. CWM LLC lifted its position in Invesco by 0.5% during the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager’s stock valued at $2,479,000 after acquiring an additional 862 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Invesco by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager’s stock valued at $2,808,000 after acquiring an additional 1,010 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of NYSE:IVZ opened at $21.04 on Wednesday. The company has a market cap of $9.38 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.85. The company’s 50 day moving average is $17.63 and its 200 day moving average is $16.26. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%. Invesco’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. Invesco’s dividend payout ratio (DPR) is presently 90.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Invesco from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Barclays lifted their price target on shares of Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 23rd. Evercore ISI lifted their price target on shares of Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company raised shares of Invesco from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $14.50 to $18.00 in a research report on Friday, July 11th. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.78.

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.