11,200 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,200 shares of the asset manager’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Truist Financial Corp grew its holdings in shares of Invesco by 48.5% during the second quarter. Truist Financial Corp now owns 208,993 shares of the asset manager’s stock worth $3,127,000 after buying an additional 68,221 shares during the last quarter. Quarry LP grew its holdings in shares of Invesco by 804.5% during the second quarter. Quarry LP now owns 13,902 shares of the asset manager’s stock worth $208,000 after buying an additional 12,365 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after buying an additional 946 shares during the last quarter. Algert Global LLC purchased a new position in shares of Invesco during the second quarter worth about $551,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Invesco by 179.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 328,392 shares of the asset manager’s stock worth $4,913,000 after buying an additional 210,921 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

IVZ stock opened at $18.63 on Monday. The firm has a 50 day moving average of $17.03 and a 200-day moving average of $16.07. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.79. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -24.84, a PEG ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $0.31 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Invesco Ltd. will post 1.66 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 4.40%. Invesco’s dividend payout ratio is currently -109.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IVZ shares. Royal Bank of Canada raised their price target on Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Barclays started coverage on shares of Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Evercore ISI raised their price objective 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.42.

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.