Frank Rimerman Advisors LLC Takes Position in Invesco Ltd. (NYSE:IVZ)

Frank Rimerman Advisors LLC acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,231 shares of the asset manager's stock, valued at approximately $354,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter worth about $35,000. Crews Bank & Trust bought a new position in Invesco in the 4th quarter worth about $44,000. Assetmark Inc. grew its position in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after purchasing an additional 2,136 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on IVZ. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Morgan Stanley raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. The Goldman Sachs Group raised their target price on shares of Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.94.

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Invesco Stock Down 0.4 %

NYSE:IVZ traded down $0.06 during mid-day trading on Thursday, reaching $15.51. The stock had a trading volume of 4,067,611 shares, compared to its average volume of 3,838,718. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The business's 50 day moving average is $17.31 and its 200 day moving average is $17.46. The stock has a market cap of $6.94 billion, a P/E ratio of 13.14, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.29%. Invesco's dividend payout ratio is 69.49%.

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.