Invesco Ltd. (NYSE:IVZ) Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC decreased its stake in Invesco Ltd. (NYSE:IVZ) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,567 shares of the asset manager’s stock after selling 1,021 shares during the period. Elevated Capital Advisors LLC’s holdings in Invesco were worth $692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco in the third quarter valued at $1,428,196,000. Dimensional Fund Advisors LP increased its holdings in Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after acquiring an additional 3,349,069 shares in the last quarter. Azora Capital LP purchased a new stake in shares of Invesco in the third quarter valued at about $27,289,000. Marshall Wace LLP grew its position in shares of Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Up 0.5 %

Shares of NYSE:IVZ traded up $0.08 during midday trading on Monday, reaching $16.44. The company had a trading volume of 4,249,979 shares, compared to its average volume of 2,843,669. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $7.39 billion, a P/E ratio of -17.87, a PEG ratio of 1.05 and a beta of 1.43. The stock’s fifty day moving average price is $17.75 and its 200-day moving average price is $17.09.

Invesco (NYSE:IVZ) last posted 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. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. Equities research analysts expect that Invesco Ltd. will post 1.7 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio is presently -89.13%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IVZ. Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group reduced their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.83.

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.