Quarry LP Has $208,000 Stake in Invesco Ltd. (NYSE:IVZ)

Quarry LP boosted its position in Invesco Ltd. (NYSE:IVZ) by 804.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,902 shares of the asset manager’s stock after buying an additional 12,365 shares during the period. Quarry LP’s holdings in Invesco were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IVZ. Point72 Asset Management L.P. lifted its holdings 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. Balyasny Asset Management L.P. acquired a new position in Invesco in the fourth quarter valued at $61,795,000. Dimensional Fund Advisors LP lifted its holdings in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares during the period. Swedbank AB acquired a new position in Invesco in the first quarter valued at $41,475,000. Finally, Ossiam lifted its holdings in Invesco by 2,712.9% in the first quarter. Ossiam now owns 680,157 shares of the asset manager’s stock valued at $11,284,000 after buying an additional 655,977 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Down 0.5 %

NYSE:IVZ opened at $17.56 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a 50-day moving average of $16.64 and a 200-day moving average of $15.90. The company has a market cap of $7.90 billion, a PE ratio of -23.41, a PEG ratio of 1.18 and a beta of 1.44. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) 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 8.41%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts expect that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, August 16th. Invesco’s payout ratio is -109.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IVZ shares. Wells Fargo & Company started coverage on shares of Invesco in a report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price objective on the stock. StockNews.com lowered shares of Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Barclays started coverage on shares of Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, 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 report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.08.

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.