Wealth Enhancement Advisory Services LLC Acquires 1,512 Shares of Invesco Ltd. (NYSE:IVZ)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,115 shares of the asset manager’s stock after acquiring an additional 1,512 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco were worth $1,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco during the third quarter valued at approximately $1,428,196,000. Dimensional Fund Advisors LP boosted its position in Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares during the last quarter. Azora Capital LP acquired a new stake in shares of Invesco in the 3rd quarter valued at $27,289,000. Marshall Wace LLP raised its position in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after acquiring an additional 654,960 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after acquiring an additional 516,622 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on IVZ shares. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Keefe, Bruyette & Woods lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. The Goldman Sachs Group lowered their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group increased their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.79.

Invesco Stock Up 3.1 %

NYSE:IVZ opened at $17.09 on Thursday. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94. The stock has a 50-day moving average price of $17.70 and a two-hundred day moving average price of $17.11. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of -18.58, a PEG ratio of 1.05 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. As a group, equities analysts expect that Invesco Ltd. will post 1.7 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.80%. Invesco’s payout ratio 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.