IFP Advisors Inc Has $34,000 Stake in Invesco Ltd. $IVZ

IFP Advisors Inc grew its holdings in Invesco Ltd. (NYSE:IVZ) by 55.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,127 shares of the asset manager’s stock after purchasing an additional 761 shares during the period. IFP Advisors Inc’s holdings in Invesco were worth $34,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. grew its position in shares of Invesco by 22.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 424,021 shares of the asset manager’s stock valued at $6,687,000 after acquiring an additional 76,705 shares during the period. Proffitt & Goodson Inc. bought a new position in shares of Invesco during the 2nd quarter worth approximately $73,000. KLP Kapitalforvaltning AS increased its holdings in shares of Invesco by 46.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 96,300 shares of the asset manager’s stock worth $1,519,000 after acquiring an additional 30,400 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Invesco by 5.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 38,981 shares of the asset manager’s stock worth $615,000 after buying an additional 1,882 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Invesco by 87.6% in the second quarter. QRG Capital Management Inc. now owns 239,193 shares of the asset manager’s stock valued at $3,772,000 after purchasing an additional 111,716 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 0.8%

IVZ stock opened at $22.76 on Thursday. The stock has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $18.21. The firm has a market capitalization of $10.15 billion, a PE ratio of 24.47, a PEG ratio of 0.82 and a beta of 1.66. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $24.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ) last issued its 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on IVZ shares. Zacks Research raised Invesco to a “hold” rating in a report on Tuesday, August 12th. BMO Capital Markets assumed coverage on shares of Invesco in a report on Friday, October 3rd. They issued an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a report on Friday, June 27th. Bank of America lifted their price objective on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley reissued a “positive” rating on shares of Invesco in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.85.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the transaction, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. The trade was a 77.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.21% of the stock is owned by corporate insiders.

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.