Blue Trust Inc. Has $141,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Blue Trust Inc. increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,004 shares of the asset manager’s stock after acquiring an additional 1,221 shares during the period. Blue Trust Inc.’s holdings in Invesco were worth $141,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IVZ. Avior Wealth Management LLC raised its stake in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the third quarter worth $35,000. Allworth Financial LP lifted its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Invesco in the third quarter valued at $76,000. Finally, True Wealth Design LLC bought a new position in shares of Invesco in the 3rd quarter valued at about $77,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of Invesco stock opened at $18.73 on Thursday. The company has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $17.37. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.06 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 results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Analysts forecast that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Barclays increased their price target on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $19.87.

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.