Captrust Financial Advisors Increases Stock Position in Invesco Ltd. (NYSE:IVZ)

Captrust Financial Advisors grew its stake in Invesco Ltd. (NYSE:IVZ) by 27.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 71,748 shares of the asset manager’s stock after acquiring an additional 15,534 shares during the period. Captrust Financial Advisors’ holdings in Invesco were worth $1,254,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd boosted its holdings in Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust purchased a new stake in Invesco during the fourth quarter worth about $44,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco in the fourth quarter valued at approximately $52,000. Assetmark Inc. boosted its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 2,770 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Invesco by 133.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 2,136 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Down 1.2%

NYSE:IVZ opened at $15.47 on Thursday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.98 and a beta of 1.47. The business has a fifty day moving average of $14.28 and a 200-day moving average of $16.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the previous year, the company earned $0.33 earnings per share. Equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.43%. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is currently 67.20%.

Analysts Set New Price Targets

Several brokerages have commented on IVZ. Evercore ISI raised their price target on shares of Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. BMO Capital Markets lifted their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Citigroup decreased their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.25.

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.