GAMMA Investing LLC Purchases 2,705 Shares of Invesco Ltd. (NYSE:IVZ)

GAMMA Investing LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,902 shares of the asset manager’s stock after purchasing an additional 2,705 shares during the quarter. GAMMA Investing LLC’s holdings in Invesco were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harmony Asset Management LLC increased its holdings in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after buying an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in Invesco by 4.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after acquiring an additional 816 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Invesco by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock worth $248,000 after purchasing an additional 1,167 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upped their price objective on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.88.

Invesco Price Performance

Invesco stock opened at $17.42 on Tuesday. The firm has a market capitalization of $7.83 billion, a P/E ratio of -18.93, a PEG ratio of 1.05 and a beta of 1.43. The business has a 50-day moving average of $17.81 and a 200-day moving average of $17.04. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities analysts anticipate that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.71%. Invesco’s dividend payout ratio is presently -89.13%.

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.