Invesco Ltd. (NYSE:IVZ) Stake Raised by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its position in Invesco Ltd. (NYSE:IVZ) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,651 shares of the asset manager’s stock after purchasing an additional 2,828 shares during the period. Pallas Capital Advisors LLC’s holdings in Invesco were worth $799,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IVZ. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd lifted its position in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,531 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Invesco in the 4th quarter worth approximately $52,000. Versant Capital Management Inc lifted its position in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock worth $47,000 after buying an additional 2,234 shares during the period. Finally, Curat Global LLC bought a new position in shares of Invesco during the 1st quarter worth approximately $49,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IVZ. Bank of America cut their target price on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Barclays boosted their target price on Invesco from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Finally, Citigroup lowered their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.32.

Invesco Stock Up 1.7%

NYSE:IVZ opened at $15.06 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50-day simple moving average of $14.09 and a 200 day simple moving average of $16.13. The company has a market cap of $6.74 billion, a PE ratio of 12.76, a PEG ratio of 0.98 and a beta of 1.49. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.33 earnings per share. On average, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.58%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco’s dividend payout ratio (DPR) is presently 67.20%.

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.