Invesco Ltd. (NYSE:IVZ) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,311,814 shares of the asset manager’s stock after purchasing an additional 45,891 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.96% of Invesco worth $75,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in Invesco by 61.0% during the third quarter. Advisors Asset Management Inc. now owns 18,066 shares of the asset manager’s stock worth $317,000 after buying an additional 6,843 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Invesco by 16.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 102,126 shares of the asset manager’s stock worth $1,793,000 after acquiring an additional 14,098 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Invesco by 8.1% in the 3rd quarter. Pathstone Holdings LLC now owns 108,054 shares of the asset manager’s stock worth $1,897,000 after acquiring an additional 8,101 shares during the period. Finally, Aviance Capital Partners LLC increased its stake in Invesco by 23.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 68,091 shares of the asset manager’s stock valued at $1,196,000 after purchasing an additional 12,858 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on IVZ shares. The Goldman Sachs Group boosted their target price on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, UBS Group increased their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Down 0.6 %

Shares of Invesco stock opened at $18.04 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 1-year low of $13.53 and a 1-year high of $18.94. The business has a 50-day moving average of $17.71 and a 200-day moving average of $16.55. The company has a market capitalization of $8.11 billion, a PE ratio of -19.61, a P/E/G ratio of 1.05 and a beta of 1.44.

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

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.55%. Invesco’s dividend payout ratio (DPR) is -89.13%.

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.