Campbell & CO Investment Adviser LLC Acquires 167,985 Shares of Invesco Ltd. $IVZ

Campbell & CO Investment Adviser LLC lifted its stake in Invesco Ltd. (NYSE:IVZ) by 358.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,827 shares of the asset manager’s stock after buying an additional 167,985 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Invesco were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IVZ. AQR Capital Management LLC lifted its position in shares of Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after acquiring an additional 2,882,928 shares during the period. Northern Trust Corp raised its stake in Invesco by 11.3% in the first quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock valued at $107,455,000 after purchasing an additional 721,947 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco by 99.6% in the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock valued at $106,598,000 after purchasing an additional 3,507,150 shares in the last quarter. Alliancebernstein L.P. lifted its position in Invesco by 9.5% during the first quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager’s stock worth $105,968,000 after purchasing an additional 605,161 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Invesco by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock worth $67,551,000 after buying an additional 29,613 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 99.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IVZ. Evercore ISI boosted their target price on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Invesco in a report on Friday, October 24th. Bank of America boosted their price target on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Citigroup raised their price objective on Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.41.

Invesco Stock Performance

NYSE:IVZ opened at $23.37 on Monday. The stock’s 50-day moving average is $22.91 and its 200-day moving average is $19.22. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $24.75. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.67. The stock has a market cap of $10.42 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $0.44 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Invesco’s payout ratio is currently 57.14%.

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.