EP Wealth Advisors LLC Acquires 792 Shares of Invesco Ltd. $IVZ

EP Wealth Advisors LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,477 shares of the asset manager’s stock after acquiring an additional 792 shares during the quarter. EP Wealth Advisors LLC’s holdings in Invesco were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IVZ. Federated Hermes Inc. lifted its holdings in Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares during the period. SVB Wealth LLC bought a new stake in Invesco during the first quarter worth $32,000. Summit Securities Group LLC bought a new stake in Invesco during the first quarter worth $41,000. Versant Capital Management Inc lifted its holdings in Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock worth $47,000 after acquiring an additional 2,234 shares during the period. Finally, Curat Global LLC purchased a new stake in Invesco in the first quarter worth $49,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

Invesco stock opened at $22.17 on Thursday. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $22.56. The business has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $16.71. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.24 and a beta of 1.58.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 3.8%. Invesco’s payout ratio is 90.32%.

Analyst Ratings Changes

A number of research firms have issued reports on IVZ. 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 target price on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research report on Friday, June 27th. Barclays raised their target price on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 23rd. Zacks Research raised Invesco to a “hold” rating in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company raised Invesco from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.38.

Invesco Company 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.