Edgestream Partners L.P. Makes New $656,000 Investment in Invesco Ltd. (NYSE:IVZ)

Edgestream Partners L.P. bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,348 shares of the asset manager’s stock, valued at approximately $656,000.

Several other large investors also recently modified their holdings of IVZ. Centennial Wealth Advisory LLC lifted its stake in Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 669 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 buying an additional 946 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Invesco by 6.1% during the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after buying an additional 963 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Invesco by 11.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock worth $155,000 after acquiring an additional 1,010 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings 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 worth $1,378,000 after acquiring an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $17.91 on Friday. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of -19.46, a P/E/G ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a fifty day moving average of $17.82 and a 200 day moving average of $16.63. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $18.94.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, research analysts expect that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Analysts Set New Price Targets

Several research firms have commented on IVZ. Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given 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 $18.63.

Invesco 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.