Fisher Asset Management LLC Increases Stake in Invesco Ltd. (NYSE:IVZ)

Fisher Asset Management LLC raised its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,540,913 shares of the asset manager’s stock after buying an additional 87,405 shares during the quarter. Fisher Asset Management LLC owned about 1.01% of Invesco worth $79,738,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IVZ. Avior Wealth Management LLC boosted its position in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Invesco in the second quarter valued at approximately $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the second quarter valued at approximately $30,000. Allworth Financial LP lifted its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in Invesco by 50.0% during the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. UBS Group boosted their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. 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. Based on data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $18.63.

Invesco Trading Up 2.3 %

IVZ opened at $18.15 on Tuesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market cap of $8.16 billion, a P/E ratio of -19.72, a P/E/G ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 52 week low of $13.53 and a 52 week high of $18.94. The business has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $16.53.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.52%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.