V Square Quantitative Management LLC Acquires 2,620 Shares of Invesco Ltd. (NYSE:IVZ)

V Square Quantitative Management LLC grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 22.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,392 shares of the asset manager’s stock after purchasing an additional 2,620 shares during the quarter. V Square Quantitative Management LLC’s holdings in Invesco were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IVZ. Czech National Bank raised its position in Invesco by 8.3% in the 2nd quarter. Czech National Bank now owns 85,719 shares of the asset manager’s stock valued at $1,282,000 after buying an additional 6,604 shares during the last quarter. SG Americas Securities LLC raised its position in Invesco by 104.2% in the 2nd quarter. SG Americas Securities LLC now owns 109,739 shares of the asset manager’s stock valued at $1,642,000 after buying an additional 56,009 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Invesco by 5.5% during the 2nd quarter. QRG Capital Management Inc. now owns 103,047 shares of the asset manager’s stock valued at $1,542,000 after purchasing an additional 5,418 shares during the last quarter. BDF Gestion purchased a new stake in shares of Invesco during the 2nd quarter valued at $452,000. Finally, CWM LLC increased its position in shares of Invesco by 37.4% during the 2nd quarter. CWM LLC now owns 14,198 shares of the asset manager’s stock valued at $212,000 after purchasing an additional 3,863 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 target price (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Royal Bank of Canada raised their target price on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price objective on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Morgan Stanley lifted their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, TD Cowen decreased their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.90.

Invesco Price Performance

NYSE IVZ traded up $0.17 during trading hours on Wednesday, hitting $16.42. The company had a trading volume of 1,773,361 shares, compared to its average volume of 4,459,312. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The firm has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $15.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 6.89 and a current ratio of 5.80. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -21.67, a PEG ratio of 1.16 and a beta of 1.47.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Equities research analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.99%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.