Charles Schwab Investment Management Inc. Buys 29,613 Shares of Invesco Ltd. (NYSE:IVZ)

Charles Schwab Investment Management Inc. grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,452,945 shares of the asset manager’s stock after acquiring an additional 29,613 shares during the period. Charles Schwab Investment Management Inc. owned about 0.99% of Invesco worth $67,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its position in shares of Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 1,282 shares during the period. Colonial Trust Co SC bought a new position in shares of Invesco during the 4th quarter valued at approximately $38,000. Versant Capital Management Inc grew its position in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 2,234 shares during the period. Curat Global LLC bought a new position in shares of Invesco during the 1st quarter valued at approximately $49,000. Finally, True Wealth Design LLC grew its position in shares of Invesco by 18.3% during the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock valued at $91,000 after acquiring an additional 801 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $21.35 on Friday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $21.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $9.52 billion, a PE ratio of 22.95, a P/E/G ratio of 1.17 and a beta of 1.55. The company’s 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $16.32.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Invesco’s dividend payout ratio (DPR) is 90.32%.

Analyst Ratings Changes

IVZ has been the subject of a number of research reports. Evercore ISI increased their target price 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. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Barclays upped their price target on shares of Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upgraded shares of Invesco from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a research note on Friday, June 27th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.