Kera Capital Partners Inc. Buys New Holdings in Invesco Ltd. $IVZ

Kera Capital Partners Inc. purchased a new position in Invesco Ltd. (NYSE:IVZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,376 shares of the asset manager’s stock, valued at approximately $353,000.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in shares of Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after purchasing an additional 1,282 shares during the last quarter. SVB Wealth LLC bought a new stake in Invesco in the 1st quarter worth $32,000. Summit Securities Group LLC purchased a new position in shares of Invesco in the first quarter valued at about $41,000. Versant Capital Management Inc raised its stake in shares of Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in shares of Invesco during the first quarter worth about $49,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the transaction, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Invesco Price Performance

IVZ opened at $22.43 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $16.78. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $22.78.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. Invesco’s dividend payout ratio is 90.32%.

Analysts Set New Price Targets

IVZ has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Invesco from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $14.50 to $18.00 in a report on Friday, July 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. TD Cowen upgraded Invesco from a “hold” rating to a “buy” rating and upped their target price for the company from $17.50 to $25.00 in a report on Monday, July 21st. Evercore ISI reiterated a “positive” rating on shares of Invesco in a report on Friday, September 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.38.

About Invesco

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.