Wellington Management Group LLP Makes New $418,000 Investment in Invesco Ltd. $IVZ

Wellington Management Group LLP purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,566 shares of the asset manager’s stock, valued at approximately $418,000.

A number of other institutional investors also recently bought and sold shares of the business. Northern Trust Corp raised its position in Invesco by 11.3% during the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock worth $107,455,000 after buying an additional 721,947 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock worth $67,551,000 after buying an additional 29,613 shares during the last quarter. Two Sigma Advisers LP raised its position in Invesco by 14.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager’s stock worth $65,880,000 after buying an additional 466,400 shares during the last quarter. Deutsche Bank AG raised its position in Invesco by 58.6% during the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock worth $58,289,000 after buying an additional 1,232,359 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Invesco during the 1st quarter worth approximately $29,138,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Invesco stock opened at $21.88 on Tuesday. The company’s fifty day moving average price is $19.52 and its 200 day moving average price is $16.50. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $22.25. The stock has a market capitalization of $9.76 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.23 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30.

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

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco’s payout ratio is 90.32%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IVZ. Barclays lifted their target price on shares of Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, July 23rd. TD Cowen raised shares of Invesco from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.50 to $25.00 in a report on Monday, July 21st. Morgan Stanley lifted their target price on shares of Invesco from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 2nd. Zacks Research raised shares of Invesco to a “hold” rating in a report on Tuesday, August 12th. Finally, Wells Fargo & Company raised shares of Invesco from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.50 to $18.00 in a report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $18.78.

Invesco 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.