5,455 Shares in Invesco Ltd. (NYSE:IVZ) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,455 shares of the asset manager’s stock, valued at approximately $96,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IVZ. Dimensional Fund Advisors LP boosted its position in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after purchasing an additional 45,891 shares in the last quarter. Swedbank AB acquired a new stake in shares of Invesco during the first quarter valued at about $41,475,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Invesco by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock worth $37,241,000 after purchasing an additional 30,016 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE:IVZ opened at $18.04 on Thursday. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -19.61, a PEG ratio of 1.05 and a beta of 1.44. The stock’s 50 day moving average is $17.71 and its 200-day moving average is $16.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a twelve month low of $13.53 and a twelve month 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 analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. Sell-side analysts forecast 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 will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and an average target price 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.