42,074 Shares in Invesco Ltd. (NYSE:IVZ) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,074 shares of the asset manager’s stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVZ. Fisher Asset Management LLC raised its position in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after buying an additional 113,451 shares during the period. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco during the third quarter valued at approximately $1,428,196,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after acquiring an additional 14,489 shares during the period. Finally, Carrera Capital Advisors bought a new stake in Invesco in the fourth quarter valued at $1,201,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

IVZ stock opened at $15.34 on Friday. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The business has a 50-day moving average price of $17.26 and a 200 day moving average price of $17.44. The company has a market capitalization of $6.86 billion, a P/E ratio of 13.00, a PEG ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. As a group, equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. TD Cowen lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group lifted their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Argus upped their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.94.

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.