Cetera Investment Advisers Raises Stake in Invesco Ltd. (NYSE:IVZ)

Cetera Investment Advisers boosted its position in Invesco Ltd. (NYSE:IVZ) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,234 shares of the asset manager’s stock after buying an additional 6,239 shares during the period. Cetera Investment Advisers’ holdings in Invesco were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Machina Capital S.A.S. acquired a new position in shares of Invesco during the 1st quarter worth approximately $234,000. Burney Co. grew its holdings in shares of Invesco by 49.4% during the 1st quarter. Burney Co. now owns 21,591 shares of the asset manager’s stock worth $328,000 after purchasing an additional 7,139 shares during the period. Oak Thistle LLC purchased a new position in shares of Invesco during the 1st quarter worth $738,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Invesco by 48.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 279,388 shares of the asset manager’s stock worth $4,238,000 after purchasing an additional 90,794 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Invesco by 89.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 91,500 shares of the asset manager’s stock valued at $1,388,000 after acquiring an additional 43,077 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 0.7%

Shares of IVZ opened at $20.72 on Monday. The company has a market capitalization of $9.24 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.13 and a beta of 1.55. Invesco Ltd. has a one year low of $11.60 and a one year high of $21.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50-day moving average price of $17.38 and a 200 day moving average price of $16.20.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.43 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. Invesco’s dividend payout ratio (DPR) is 90.32%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IVZ. Barclays increased their price target on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their target price on Invesco from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised their price target on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research note on Friday, June 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. decreased their price target on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.78.

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.