Healthcare of Ontario Pension Plan Trust Fund Reduces Holdings in Invesco Ltd. (NYSE:IVZ)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 524,200 shares of the asset manager’s stock after selling 7,236 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Invesco worth $7,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Invesco by 42.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,390 shares of the asset manager’s stock worth $96,000 after acquiring an additional 1,919 shares during the period. Sanctuary Advisors LLC purchased a new stake in Invesco in the second quarter worth about $164,000. Truist Financial Corp lifted its stake in Invesco by 48.5% in the second quarter. Truist Financial Corp now owns 208,993 shares of the asset manager’s stock worth $3,127,000 after acquiring an additional 68,221 shares during the period. Quarry LP lifted its stake in Invesco by 804.5% in the second quarter. Quarry LP now owns 13,902 shares of the asset manager’s stock worth $208,000 after acquiring an additional 12,365 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after purchasing an additional 946 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of NYSE IVZ opened at $17.74 on Friday. The business’s 50 day moving average price is $16.68 and its 200 day moving average price is $15.94. The firm has a market cap of $7.98 billion, a P/E ratio of -23.65, a P/E/G ratio of 1.18 and a beta of 1.44. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. Invesco’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Dividend Announcement

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

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of recent research reports. StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Evercore ISI boosted their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company initiated coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 target price for the company. Two investment 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, the stock presently has a consensus rating of “Hold” and an average price target 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.