EP Wealth Advisors LLC Purchases New Position in Invesco Ltd. (NYSE:IVZ)

EP Wealth Advisors LLC acquired a new position in Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, HoldingsChannel reports. The fund acquired 10,578 shares of the asset manager’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. Fisher Asset Management LLC boosted its holdings in Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after acquiring an additional 654,960 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Invesco during the 2nd quarter valued at about $576,000. Algert Global LLC purchased a new position in shares of Invesco in the 2nd quarter valued at about $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Down 1.9 %

Shares of Invesco stock opened at $18.04 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $16.75. The stock has a market cap of $8.11 billion, a P/E ratio of -19.61, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $18.94.

Invesco (NYSE:IVZ) last released 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 positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. Analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Barclays raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.63.

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.