Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Invesco Ltd. (NYSE:IVZ)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,791 shares of the asset manager’s stock after purchasing an additional 3,232 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invesco were worth $969,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Gables Capital Management Inc. lifted its position in Invesco by 74.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after acquiring an additional 700 shares during the period. Family Firm Inc. acquired a new stake in Invesco in the second quarter valued at about $28,000. Quarry LP purchased a new stake in Invesco in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC increased its position in Invesco by 182.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,589 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Invesco by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after buying an additional 766 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IVZ. The Goldman Sachs Group dropped their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI lifted their price objective on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. Finally, Barclays started coverage on Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.20.

Invesco Stock Down 3.3 %

Shares of NYSE IVZ opened at $16.52 on Wednesday. The stock has a market capitalization of $7.43 billion, a PE ratio of -22.03, a P/E/G ratio of 1.18 and a beta of 1.47. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $16.22 and a 200-day moving average of $15.75. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.28.

Invesco (NYSE:IVZ) last released 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.