Forum Financial Management LP Makes New $288,000 Investment in Invesco Ltd. (NYSE:IVZ)

Forum Financial Management LP acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 16,481 shares of the asset manager’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Invesco during the third quarter valued at $35,000. Aster Capital Management DIFC Ltd raised its stake in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after buying an additional 1,531 shares during the period. Crews Bank & Trust purchased a new position in shares of Invesco during the 4th quarter valued at about $44,000. Resona Asset Management Co. Ltd. bought a new position in shares of Invesco during the 4th quarter valued at approximately $52,000. Finally, Assetmark Inc. increased its holdings in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after acquiring an additional 2,770 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays dropped their price target on shares of Invesco from $20.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley lowered their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Argus lifted their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $17.03.

Invesco Price Performance

Invesco stock opened at $12.43 on Tuesday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.98 and a beta of 1.26. The firm’s fifty day moving average is $15.29 and its 200 day moving average is $16.95. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.