Gold Investment Management Ltd. Has $941,000 Position in Invesco Ltd. (NYSE:IVZ)

Gold Investment Management Ltd. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,581 shares of the asset manager’s stock after buying an additional 1,644 shares during the quarter. Gold Investment Management Ltd.’s holdings in Invesco were worth $941,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Centennial Wealth Advisory LLC boosted its holdings in Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 669 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares in the last quarter. Fifth Third Bancorp grew its stake in Invesco by 6.1% during the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock worth $249,000 after buying an additional 963 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Invesco by 11.9% in the 1st 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 boosted its position in shares of Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays lifted their target price on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $18.46.

Invesco Trading Down 0.9 %

Shares of NYSE IVZ traded down $0.17 during mid-day trading on Friday, hitting $18.11. The stock had a trading volume of 66,242 shares, compared to its average volume of 4,204,180. The firm has a market cap of $8.15 billion, a P/E ratio of -19.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.44. The business has a 50 day moving average price of $17.33 and a two-hundred day moving average price of $16.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 1 year low of $12.68 and a 1 year high of $18.94.

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

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.53%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

About Invesco

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.