Truvestments Capital LLC Purchases Shares of 4,309 Invesco Ltd. (NYSE:IVZ)

Truvestments Capital LLC acquired a new position in Invesco Ltd. (NYSE:IVZFree Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 4,309 shares of the asset manager’s stock, valued at approximately $76,000.

Several other hedge funds have also recently made changes to their positions in IVZ. Avior Wealth Management LLC boosted its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Invesco during the 2nd quarter valued at about $28,000. Sentry Investment Management LLC purchased a new position in shares of Invesco during the second quarter valued at about $30,000. Allworth Financial LP raised its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IVZ. Deutsche Bank Aktiengesellschaft upped their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada upped their price target on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.63.

Get Our Latest Analysis on Invesco

Invesco Stock Down 0.1 %

Shares of Invesco stock opened at $18.14 on Wednesday. The company has a 50-day simple moving average of $17.68 and a two-hundred day simple moving average of $16.53. The stock has a market capitalization of $8.15 billion, a PE ratio of -19.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 52-week low of $13.53 and a 52-week high of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZGet Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Invesco Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZFree Report).

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.