Wealthcare Advisory Partners LLC Increases Holdings in Invesco Ltd. (NYSE:IVZ)

Wealthcare Advisory Partners LLC boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,284 shares of the asset manager’s stock after acquiring an additional 3,327 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Invesco were worth $635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in shares of Invesco in the third quarter valued at $25,000. Gables Capital Management Inc. lifted its holdings in Invesco by 74.9% during 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 during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Invesco in the 3rd quarter valued at about $32,000. Pinnacle Bancorp Inc. lifted its holdings 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 valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Invesco in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen dropped their price target on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 price target (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.79.

Invesco Trading Up 0.7 %

NYSE:IVZ opened at $14.96 on Friday. The business’s 50-day moving average is $15.19 and its two-hundred day moving average is $15.94. 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 Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The firm has a market capitalization of $6.73 billion, a PE ratio of -19.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.08 billion. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders 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 dividend yield of 5.48%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, May 13th. Invesco’s payout ratio is presently -109.33%.

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.