NBC Securities Inc. Acquires 1,935 Shares of Invesco Ltd. (NYSE:IVZ)

NBC Securities Inc. boosted its position in Invesco Ltd. (NYSE:IVZ) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,170 shares of the asset manager’s stock after acquiring an additional 1,935 shares during the period. NBC Securities Inc.’s holdings in Invesco were worth $284,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in Invesco by 157.5% in the fourth quarter. Quadrature Capital Ltd now owns 71,425 shares of the asset manager’s stock valued at $1,274,000 after acquiring an additional 43,683 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock valued at $1,353,000 after acquiring an additional 6,994 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Invesco by 11.1% in the fourth quarter. Fisher Asset Management LLC now owns 3,921,248 shares of the asset manager’s stock valued at $69,955,000 after buying an additional 391,933 shares during the period. Quarry LP acquired a new position in Invesco in the fourth quarter valued at about $37,000. Finally, Point72 Asset Management L.P. lifted its stake in Invesco by 1,411.1% in 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 buying an additional 3,507,900 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 0.9 %

Shares of Invesco stock opened at $15.09 on Friday. The business’s 50 day simple moving average is $15.21 and its 200 day simple moving average is $15.94. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The firm has a market cap of $6.79 billion, a PE ratio of -20.12, a P/E/G ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 target price (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Morgan Stanley increased their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group cut their target price on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price target (down previously from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $16.79.

Invesco Company 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.