Invesco Ltd. (NYSE:IVZ) Holdings Raised by Fmr LLC

FMR LLC raised its position in shares of Invesco Ltd. (NYSE:IVZ) by 54.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,527,859 shares of the asset manager’s stock after buying an additional 2,312,927 shares during the quarter. FMR LLC owned about 1.63% of Invesco worth $126,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its holdings in shares of Invesco by 100.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock valued at $26,000 after buying an additional 669 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Invesco by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after buying an additional 532 shares during the period. CSat Investment Advisory L.P. lifted its holdings in shares of Invesco by 141.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after buying an additional 1,231 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Invesco by 46.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after buying an additional 699 shares during the period. Finally, Oakworth Capital Inc. raised its holdings in Invesco by 30.3% in the 4th quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock worth $48,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Shares of IVZ stock traded up $0.22 during mid-day trading on Thursday, hitting $19.67. 3,641,213 shares of the stock were exchanged, compared to its average volume of 4,488,369. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.86. Invesco Ltd. has a 12-month low of $15.38 and a 12-month high of $27.59. The firm’s fifty day moving average price is $20.41. The company has a market capitalization of $7.83 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $884.93 million. During the same quarter last year, the company posted $0.67 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. As a group, analysts anticipate that Invesco Ltd. will post 2.36 earnings per share for the current year.

In other Invesco news, major shareholder Ltd. Invesco purchased 2,222,222 shares of the business’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $4.50 per share, for a total transaction of $9,999,999.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rod Canion acquired 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $19.84 per share, with a total value of $198,400.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,252,222 shares of company stock valued at $10,619,199. Insiders own 1.90% of the company’s stock.

IVZ has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Avid Technology from $6.50 to $8.50 and gave the stock a “hold” rating in a report on Friday, June 7th. Edward Jones cut Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. UBS Group set a $15.00 price target on Hain Celestial Group and gave the company a “sell” rating in a research report on Monday, May 13th. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Finally, William Blair reiterated a “market perform” rating on shares of Invesco in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.09.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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