Greenleaf Trust Takes Position in Invesco Ltd. (NYSE:IVZ)

Greenleaf Trust bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,764 shares of the asset manager’s stock, valued at approximately $263,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Invesco by 97.8% in the third quarter. SG Americas Securities LLC now owns 197,182 shares of the asset manager’s stock valued at $2,863,000 after acquiring an additional 97,487 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Invesco in the 3rd quarter valued at about $255,000. Czech National Bank boosted its stake in shares of Invesco by 44.6% in the 3rd quarter. Czech National Bank now owns 78,409 shares of the asset manager’s stock valued at $1,138,000 after buying an additional 24,171 shares during the period. Bremer Bank National Association grew its position in shares of Invesco by 13.1% during the third quarter. Bremer Bank National Association now owns 108,791 shares of the asset manager’s stock worth $1,580,000 after buying an additional 12,585 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco by 7.3% during the third quarter. Commonwealth Equity Services LLC now owns 191,893 shares of the asset manager’s stock worth $2,786,000 after buying an additional 13,076 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of IVZ opened at $14.52 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The company’s fifty day moving average is $15.73 and its two-hundred day moving average is $15.44.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. On average, analysts forecast that Invesco Ltd. will post 1.75 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This is a boost from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.65%. Invesco’s payout ratio is presently -106.67%.

Analysts Set New Price Targets

Several research firms have commented on IVZ. TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a report on Wednesday. The Goldman Sachs Group decreased their price target on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a report on Wednesday. Finally, Royal Bank of Canada boosted their target price on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $16.79.

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.