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

Avantax Advisory Services Inc. lifted its position in Invesco Ltd. (NYSE:IVZ) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,133 shares of the asset manager’s stock after acquiring an additional 710 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco were worth $195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. Harmony Asset Management LLC grew its position in Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 600 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock worth $816,000 after buying an additional 677 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after acquiring an additional 812 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Invesco by 1.6% during the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager’s stock valued at $1,346,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager’s stock worth $141,000 after acquiring an additional 1,221 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the subject of several research analyst reports. Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Argus boosted their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Down 0.9 %

IVZ stock opened at $15.56 on Friday. The stock has a 50-day simple moving average of $17.18 and a two-hundred day simple moving average of $17.42. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The firm has a market capitalization of $6.96 billion, a PE ratio of 13.18, a PEG ratio of 0.98 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.27%. Invesco’s payout ratio is currently 69.49%.

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.