47,320 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. acquired a new position in Invesco Ltd. (NYSE:IVZ) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 47,320 shares of the asset manager’s stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Invesco in the 3rd quarter worth about $25,000. Gables Capital Management Inc. boosted its position in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Invesco in the 3rd quarter worth about $32,000. Pinnacle Bancorp Inc. boosted its position in shares of Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after buying an additional 1,000 shares in the last quarter. Finally, Quarry LP purchased a new position in Invesco in the 4th quarter valued at about $37,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IVZ shares. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Monday, June 17th. The Goldman Sachs Group reduced their target price on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets restated a “market perform” rating and issued a $17.00 target price (down from $18.00) on shares of Invesco in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Morgan Stanley upped their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.79.

Invesco Trading Up 1.5 %

IVZ opened at $15.31 on Tuesday. The firm has a 50 day moving average price of $15.21 and a 200 day moving average price of $15.95. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last posted 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). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. Analysts forecast that Invesco Ltd. will post 1.64 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is -109.33%.

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.