CX Institutional Takes $189,000 Position in Invesco Ltd. (NYSE:IVZ)

CX Institutional acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,802 shares of the asset manager’s stock, valued at approximately $189,000.

Other large investors have also modified their holdings of the company. Harmony Asset Management LLC boosted its holdings in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 600 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in shares of Invesco by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after purchasing an additional 816 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 1,167 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Up 0.2 %

Shares of Invesco stock opened at $17.62 on Monday. 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 $7.92 billion, a P/E ratio of -19.15, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The business has a 50-day moving average price of $17.59 and a 200 day moving average price of $17.24.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IVZ. Keefe, Bruyette & Woods lowered their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Company lowered their price objective on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.71.

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.