NorthCrest Asset Manangement LLC Grows Position in Invesco Ltd. (NYSE:IVZ)

NorthCrest Asset Manangement LLC lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 39.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,948 shares of the asset manager’s stock after buying an additional 7,898 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Invesco were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Centennial Wealth Advisory LLC lifted its stake in Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after purchasing an additional 669 shares in the last quarter. Wright Investors Service Inc. lifted its position in Invesco by 2.1% during the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after buying an additional 944 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after buying an additional 946 shares during the last quarter. Fifth Third Bancorp grew its holdings in Invesco by 6.1% in the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after buying an additional 963 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Invesco by 11.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock worth $155,000 after acquiring an additional 1,010 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 0.1 %

Shares of NYSE IVZ opened at $17.63 on Monday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.93 billion, a PE ratio of -19.16, a PEG ratio of 1.04 and a beta of 1.44. Invesco Ltd. has a twelve month low of $12.61 and a twelve month high of $18.79. The stock has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $16.11.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.01% and a negative net margin of 3.00%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts forecast that Invesco Ltd. will post 1.67 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IVZ. The Goldman Sachs Group upped their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI upped their price objective on Invesco from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $18.38.

Invesco 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.