XTX Topco Ltd Purchases 1,442 Shares of Invesco Ltd. (NYSE:IVZ)

XTX Topco Ltd grew its holdings in Invesco Ltd. (NYSE:IVZ) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,230 shares of the asset manager’s stock after purchasing an additional 1,442 shares during the quarter. XTX Topco Ltd’s holdings in Invesco were worth $647,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Family Firm Inc. bought a new position in Invesco in the second quarter valued at approximately $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco during the second quarter worth $30,000. Quarry LP bought a new stake in Invesco in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC boosted its holdings in Invesco by 182.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after buying an additional 1,589 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Invesco during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $17.13 on Tuesday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.28. The firm has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $15.83. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of -22.84, a PEG ratio of 1.09 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $0.31 EPS. Invesco’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Barclays began coverage on shares of Invesco in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. The Goldman Sachs Group reduced their target price on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.98.

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.