True Wealth Design LLC Takes $77,000 Position in Invesco Ltd. (NYSE:IVZ)

True Wealth Design LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,382 shares of the asset manager’s stock, valued at approximately $77,000.

Several other institutional investors have also bought and sold shares of the stock. Centennial Wealth Advisory LLC lifted its holdings in shares of Invesco by 3.8% during the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 669 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after purchasing an additional 946 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Invesco by 6.1% during the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Invesco by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after buying an additional 1,010 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. UBS Group upped their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI increased their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Up 0.3 %

Shares of IVZ stock opened at $18.09 on Friday. The firm’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $16.59. Invesco Ltd. has a 52-week low of $14.14 and a 52-week high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. As a group, equities analysts forecast that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.53%. Invesco’s dividend 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.