1,758,937 Shares in Invesco Ltd. (IVZ) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,758,937 shares of the asset manager’s stock, valued at approximately $46,717,000. Renaissance Technologies LLC owned approximately 0.43% of Invesco as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Morningstar Investment Services LLC boosted its stake in Invesco by 8.6% during the first quarter. Morningstar Investment Services LLC now owns 23,515 shares of the asset manager’s stock worth $753,000 after buying an additional 1,858 shares during the period. Neuberger Berman Group LLC boosted its stake in Invesco by 3.4% during the first quarter. Neuberger Berman Group LLC now owns 56,944 shares of the asset manager’s stock worth $1,823,000 after buying an additional 1,888 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Invesco by 3.0% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,521 shares of the asset manager’s stock worth $2,289,000 after buying an additional 2,100 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Invesco by 2.2% during the second quarter. Xact Kapitalforvaltning AB now owns 97,871 shares of the asset manager’s stock worth $2,599,000 after buying an additional 2,100 shares during the period. Finally, First Interstate Bank boosted its stake in Invesco by 89.2% during the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock worth $120,000 after buying an additional 2,122 shares during the period. 78.80% of the stock is owned by institutional investors.

Shares of NYSE:IVZ traded up $0.02 on Friday, hitting $23.24. 5,397,601 shares of the company’s stock were exchanged, compared to its average volume of 3,817,901. Invesco Ltd. has a 12 month low of $22.69 and a 12 month high of $38.43. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.65. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87.

Invesco (NYSE:IVZ) last released its earnings results on Thursday, July 26th. The asset manager reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $974.00 million during the quarter, compared to the consensus estimate of $960.91 million. Invesco had a return on equity of 12.70% and a net margin of 21.64%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, equities research analysts predict that Invesco Ltd. will post 2.71 EPS for the current fiscal year.

Several research analysts have commented on IVZ shares. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Morgan Stanley dropped their price objective on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. Credit Suisse Group dropped their price objective on shares of Invesco from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 27th. Wells Fargo & Co decreased their target price on Invesco from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Friday, July 13th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $35.00 target price on shares of Invesco in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.77.

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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