Invesco Ltd. $IVZ Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,882 shares of the asset manager’s stock after acquiring an additional 13,926 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IVZ. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Invesco during the 4th quarter worth approximately $3,297,000. Versant Capital Management Inc lifted its position in Invesco by 264.1% during the 1st 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. GAMMA Investing LLC lifted its position in Invesco by 1,715.1% during the 1st quarter. GAMMA Investing LLC now owns 343,085 shares of the asset manager’s stock worth $52,050,000 after acquiring an additional 324,183 shares during the period. Rhumbline Advisers lifted its position in Invesco by 20.3% during the 1st quarter. Rhumbline Advisers now owns 790,044 shares of the asset manager’s stock worth $11,985,000 after acquiring an additional 133,370 shares during the period. Finally, Czech National Bank lifted its position in Invesco by 5.6% during the 1st quarter. Czech National Bank now owns 102,898 shares of the asset manager’s stock worth $1,561,000 after acquiring an additional 5,450 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVZ. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Wells Fargo & Company raised Invesco from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Morgan Stanley increased their target price on Invesco from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 2nd. Barclays increased their target price on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group increased their target price on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research note on Friday, June 27th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.38.

Invesco Stock Performance

NYSE IVZ opened at $22.72 on Monday. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.99. The company has a market capitalization of $10.13 billion, a P/E ratio of 24.42, a PEG ratio of 1.28 and a beta of 1.58. The business has a 50 day moving average price of $21.62 and a 200 day moving average price of $17.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30.

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

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. Invesco’s dividend payout ratio is 90.32%.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This represents a 77.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.21% of the company’s stock.

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.