Avantax Advisory Services Inc. Buys 710 Shares of Invesco Ltd. (NYSE:IVZ)

Avantax Advisory Services Inc. boosted its stake in Invesco Ltd. (NYSE:IVZ) by 6.8% during the fourth quarter, HoldingsChannel reports. The firm owned 11,133 shares of the asset manager’s stock after buying an additional 710 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco were worth $195,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. purchased a new stake in shares of Invesco during the 3rd quarter valued at $1,428,196,000. Azora Capital LP bought a new position in Invesco in the third quarter valued at $27,289,000. Amundi raised its position in Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after purchasing an additional 1,472,178 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Invesco by 635.9% in the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after purchasing an additional 423,621 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday, January 29th. TD Cowen lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Argus boosted their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Trading Down 0.9 %

NYSE IVZ opened at $15.56 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The stock has a market cap of $6.96 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The stock has a 50 day simple moving average of $17.18 and a two-hundred day simple moving average of $17.42.

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

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

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.