Olstein Capital Management L.P. raised its holdings in Invesco Ltd. (NYSE:IVZ) by 21.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,000 shares of the asset manager’s stock after acquiring an additional 71,000 shares during the quarter. Invesco accounts for about 1.4% of Olstein Capital Management L.P.’s portfolio, making the stock its 18th biggest holding. Olstein Capital Management L.P. owned 0.10% of Invesco worth $10,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mork Capital Management LLC lifted its position in shares of Invesco by 83.5% in the second quarter. Mork Capital Management LLC now owns 73,400 shares of the asset manager’s stock worth $1,950,000 after purchasing an additional 33,400 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Invesco by 41.3% in the second quarter. American Century Companies Inc. now owns 16,442,516 shares of the asset manager’s stock worth $436,713,000 after purchasing an additional 4,801,968 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Invesco by 3.1% in the second quarter. Pinnacle Associates Ltd. now owns 222,820 shares of the asset manager’s stock worth $5,918,000 after purchasing an additional 6,781 shares in the last quarter. Carret Asset Management LLC lifted its position in shares of Invesco by 29.3% in the second quarter. Carret Asset Management LLC now owns 88,700 shares of the asset manager’s stock worth $2,356,000 after purchasing an additional 20,090 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Invesco by 7.2% in the second quarter. Segall Bryant & Hamill LLC now owns 47,840 shares of the asset manager’s stock worth $1,271,000 after purchasing an additional 3,212 shares in the last quarter. 79.58% of the stock is owned by institutional investors.

In related news, major shareholder Ltd. Invesco purchased 2,127,659 shares of the stock in a transaction on Tuesday, May 22nd. The shares were bought at an average price of $4.69 per share, for a total transaction of $9,978,720.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

NYSE:IVZ opened at $24.48 on Monday. Invesco Ltd. has a 52 week low of $24.13 and a 52 week high of $38.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $10.15 billion, a P/E ratio of 9.07, a PEG ratio of 1.01 and a beta of 1.70.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Invesco had a return on equity of 12.70% and a net margin of 21.64%. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $960.91 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. sell-side analysts anticipate that Invesco Ltd. will post 2.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Thursday, August 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.20 annualized dividend and a yield of 4.90%. Invesco’s dividend payout ratio (DPR) is presently 44.44%.

A number of analysts have recently issued reports on the stock. 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. Morgan Stanley reduced their price target on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 2nd. Credit Suisse Group dropped their price objective on Invesco from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. JPMorgan Chase & Co. dropped their price objective on Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of Invesco in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Invesco has an average rating of “Hold” and an average price target of $35.79.

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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