Tidal Investments LLC Buys Shares of 121,777 Invesco Ltd. (NYSE:IVZ)

Tidal Investments LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 1st quarter, Holdings Channel reports. The fund purchased 121,777 shares of the asset manager’s stock, valued at approximately $2,020,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. Point72 Asset Management L.P. increased its position in shares of Invesco by 1,411.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after acquiring an additional 3,507,900 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Invesco during the fourth quarter valued at approximately $61,795,000. Norges Bank bought a new stake in shares of Invesco during the fourth quarter valued at approximately $59,713,000. Dimensional Fund Advisors LP increased its position in shares of Invesco by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after acquiring an additional 2,592,039 shares in the last quarter. Finally, Swiss National Bank bought a new stake in shares of Invesco during the fourth quarter valued at approximately $11,830,000. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE IVZ traded down $1.03 on Friday, reaching $15.79. The company had a trading volume of 1,521,998 shares, compared to its average volume of 4,413,570. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.89 and a current ratio of 6.89. The firm’s 50 day moving average price is $15.62 and its 200 day moving average price is $15.70. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.28.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 7.64%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.31 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.19%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Wall Street Analyst Weigh In

IVZ has been the topic of several research reports. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reiterated a “market perform” rating and set a $17.00 price target (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, TD Cowen dropped their price target on shares of Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $16.90.

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.