Invesco Ltd. (IVZ) Holdings Lifted by Riverhead Capital Management LLC

Riverhead Capital Management LLC grew its position in Invesco Ltd. (NYSE:IVZ) by 208.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,249 shares of the asset manager’s stock after buying an additional 85,355 shares during the quarter. Riverhead Capital Management LLC’s holdings in Invesco were worth $2,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in shares of Invesco by 62.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 93,072 shares of the asset manager’s stock worth $2,472,000 after purchasing an additional 35,710 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Invesco by 15.7% in the second quarter. OppenheimerFunds Inc. now owns 24,443 shares of the asset manager’s stock worth $649,000 after purchasing an additional 3,308 shares in the last quarter. Nelson Roberts Investment Advisors LLC lifted its position in shares of Invesco by 3.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 200,272 shares of the asset manager’s stock worth $4,582,000 after purchasing an additional 6,145 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of Invesco by 12.5% in the second quarter. Standard Life Aberdeen plc now owns 207,564 shares of the asset manager’s stock worth $5,513,000 after purchasing an additional 22,993 shares in the last quarter. Finally, Financial Counselors Inc. lifted its position in shares of Invesco by 15.0% in the third quarter. Financial Counselors Inc. now owns 319,878 shares of the asset manager’s stock worth $7,319,000 after purchasing an additional 41,676 shares in the last quarter. Institutional investors own 79.96% of the company’s stock.

A number of research firms have recently issued reports on IVZ. Deutsche Bank reduced their price target on shares of Invesco from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. JPMorgan Chase & Co. set a $29.00 price target on shares of Invesco and gave the stock a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. UBS Group reduced their price target on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.91.

Shares of IVZ opened at $18.52 on Friday. The company has a market cap of $7.76 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. Invesco Ltd. has a twelve month low of $18.39 and a twelve month high of $38.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $966.90 million for the quarter, compared to analyst estimates of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts predict that Invesco Ltd. will post 2.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.48%. The ex-dividend date was Friday, November 9th. Invesco’s payout ratio is presently 44.44%.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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