Ethos Financial Group LLC Takes Position in Invesco Ltd. (NYSE:IVZ)

Ethos Financial Group LLC acquired a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,179 shares of the asset manager’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVZ. Northern Trust Corp increased its position in shares of Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Invesco by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock valued at $71,984,000 after acquiring an additional 136,582 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 11.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock worth $69,955,000 after acquiring an additional 391,935 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Invesco by 52.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after purchasing an additional 799,977 shares during the period. Finally, Deutsche Bank AG increased its holdings in Invesco by 26.4% in the 3rd quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock valued at $27,913,000 after purchasing an additional 402,098 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on IVZ. JPMorgan Chase & Co. lowered their price target on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 price target (down from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 target price (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.79.

Invesco Stock Up 1.5 %

Invesco stock traded up $0.23 during midday trading on Thursday, reaching $15.22. The company’s stock had a trading volume of 3,431,290 shares, compared to its average volume of 4,700,599. The business has a 50-day simple moving average of $15.56 and a 200-day simple moving average of $15.53. The company has a market cap of $6.84 billion, a P/E ratio of -20.29, a P/E/G ratio of 1.12 and a beta of 1.45. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. On average, research analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, May 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.39%. Invesco’s dividend payout ratio (DPR) is presently -106.67%.

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.