Proficio Capital Partners LLC Acquires New Holdings in Invesco Ltd. (NYSE:IVZ)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares during the period. Bank of New York Mellon Corp raised its position in 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. purchased a new stake in Invesco in the 3rd quarter worth approximately $1,428,196,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Invesco by 41.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after buying an additional 14,489 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Invesco by 867.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 83,108 shares of the asset manager’s stock valued at $1,469,000 after acquiring an additional 74,518 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent research reports. UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. TD Cowen decreased their target price on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Trading Down 0.5 %

Shares of IVZ stock opened at $15.67 on Friday. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The firm has a fifty day moving average of $17.66 and a 200-day moving average of $17.55.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Invesco Company 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.