Point72 Asia Singapore Pte. Ltd. Buys 1,919 Shares of Invesco Ltd. (NYSE:IVZ)

Point72 Asia Singapore Pte. Ltd. increased its holdings in Invesco Ltd. (NYSE:IVZ) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,390 shares of the asset manager’s stock after buying an additional 1,919 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Invesco were worth $96,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IVZ. Family Firm Inc. bought a new position in Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC bought a new position in Invesco in the 2nd quarter worth approximately $30,000. Quarry LP bought a new position in Invesco in the 4th quarter worth approximately $37,000. Fidelis Capital Partners LLC bought a new position in Invesco in the 1st quarter worth approximately $52,000. Finally, Jones Financial Companies Lllp boosted its holdings in Invesco by 35.2% in 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 during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

Invesco stock opened at $17.74 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The firm’s fifty day moving average price is $16.68 and its 200-day moving average price is $15.94. The stock has a market cap of $7.98 billion, a P/E ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $0.31 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on IVZ shares. Wells Fargo & Company assumed coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. The Goldman Sachs Group lowered their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Barclays assumed coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. Finally, Royal Bank of Canada increased their target price 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.08.

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.