Alexander Randolph Advisory Inc. Reduces Position in Invesco Ltd. (NYSE:IVZ)

Alexander Randolph Advisory Inc. decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,115 shares of the asset manager’s stock after selling 3,965 shares during the quarter. Invesco makes up 2.1% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 18th biggest position. Alexander Randolph Advisory Inc.’s holdings in Invesco were worth $2,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. acquired a new position in Invesco in the second quarter worth about $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the 2nd quarter worth about $30,000. Allworth Financial LP boosted its holdings in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the period. Abich Financial Wealth Management LLC grew its position in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after buying an additional 1,210 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in Invesco during the second quarter worth about $61,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $18.63.

Invesco Trading Up 0.7 %

Shares of Invesco stock traded up $0.13 during trading on Wednesday, hitting $17.92. The stock had a trading volume of 613,916 shares, compared to its average volume of 4,196,426. The business has a fifty day moving average of $17.39 and a two-hundred day moving average of $16.35. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a fifty-two week low of $13.40 and a fifty-two week high of $18.94.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business 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 company’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. As a group, analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is currently -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.