Avior Wealth Management LLC Has $27,000 Stake in Invesco Ltd. (NYSE:IVZ)

Avior Wealth Management LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 484.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the asset manager’s stock after acquiring an additional 1,285 shares during the quarter. Avior Wealth Management LLC’s holdings in Invesco were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Family Firm Inc. acquired a new stake in shares of Invesco during the 2nd quarter worth about $28,000. Sentry Investment Management LLC bought a new stake in Invesco during the second quarter worth about $30,000. Allworth Financial LP grew its stake in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Invesco by 50.0% during the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco in the second quarter valued at approximately $61,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Barclays lifted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Performance

IVZ stock opened at $18.15 on Tuesday. Invesco Ltd. has a twelve month low of $13.53 and a twelve month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.16 billion, a P/E ratio of -19.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. The business’s fifty day moving average is $17.68 and its 200-day moving average is $16.53.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is -89.13%.

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.