Azora Capital LP Takes Position in Invesco Ltd. (NYSE:IVZ)

Azora Capital LP acquired a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,554,036 shares of the asset manager's stock, valued at approximately $27,289,000. Invesco accounts for about 1.5% of Azora Capital LP's portfolio, making the stock its 23rd largest position. Azora Capital LP owned about 0.35% of Invesco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Centennial Wealth Advisory LLC boosted its holdings in Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager's stock valued at $273,000 after purchasing an additional 669 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager's stock valued at $1,001,000 after purchasing an additional 946 shares during the period. Fifth Third Bancorp boosted its holdings in Invesco by 6.1% in the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager's stock valued at $249,000 after purchasing an additional 963 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Invesco by 11.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager's stock valued at $155,000 after buying an additional 1,010 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of 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 valued at $1,378,000 after buying an additional 1,020 shares in the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Price Performance

NYSE IVZ remained flat at $18.09 on Monday. 3,266,585 shares of the company's stock traded hands, compared to its average volume of 4,142,338. The stock's fifty day simple moving average is $17.77 and its 200-day simple moving average is $16.59. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of -19.66, a PEG ratio of 1.04 and a beta of 1.44. 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:IVZ - Get Free Report) last announced its earnings results 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.35 earnings per share. Invesco's quarterly revenue was down 20.8% on a year-over-year basis. On average, equities analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a $0.205 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.53%. Invesco's dividend payout ratio is presently -89.13%.

Analysts Set New Price Targets

IVZ has been the subject of several analyst reports. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Morgan Stanley boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. UBS Group boosted their target price 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. Finally, Royal Bank of Canada upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.63.

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.