Metis Global Partners LLC Makes New Investment in Invesco Ltd. $IVZ

by · The Cerbat Gem

Metis Global Partners LLC acquired a new stake in Invesco Ltd. (NYSE:IVZ – Free Report) during the second quarter, Holdings Channel.com reports. The fund acquired 10,597 shares of the asset manager’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Federated Hermes Inc. raised its holdings in shares of Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Invesco by 55.7% in the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after purchasing an additional 761 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Invesco in the first quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Invesco by 45.8% in the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 824 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Invesco during the first quarter valued at approximately $41,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $23.97 on Friday. The company has a market capitalization of $10.69 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.30 and a current ratio of 1.30. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $24.75. The company has a 50-day simple moving average of $23.09 and a 200 day simple moving average of $19.42.

Invesco (NYSE:IVZ – Get Free Report) last released its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent research reports. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Invesco in a research note on Friday, October 24th. Barclays raised their price target on shares of Invesco from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Morgan Stanley reaffirmed a “positive” rating on shares of Invesco in a research report on Monday, October 6th. Finally, TD Cowen raised shares of Invesco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $23.70.

Read Our Latest Analysis on Invesco

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the transaction, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. This represents a 77.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the transaction, the director owned 192 shares of the company’s stock, valued at $4,523.52. The trade was a 99.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.21% of the company’s stock.

Invesco Company Profile

(Free Report)

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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