Invesco Ltd. (NYSE:IVZ) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 82,796 shares of the asset manager’s stock after buying an additional 13,027 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Orion Capital Management LLC purchased a new position in Invesco during the 3rd quarter valued at about $25,000. Jones Financial Companies Lllp purchased a new position in Invesco during the 3rd quarter valued at about $32,000. Sentry Investment Management LLC purchased a new position in Invesco during the 3rd quarter valued at about $36,000. Pinnacle Bancorp Inc. boosted its holdings in Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in Invesco during the 3rd quarter valued at about $41,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IVZ. TheStreet cut Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. The Goldman Sachs Group decreased their price objective on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, TD Cowen decreased their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.79.

Invesco Price Performance

IVZ stock opened at $14.84 on Friday. The business has a 50 day moving average price of $15.59 and a 200 day moving average price of $15.46. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of -19.79, a PEG ratio of 1.10 and a beta of 1.45. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The company has a quick ratio of 5.01, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is currently -106.67%.

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.