Carrera Capital Advisors Purchases Shares of 68,712 Invesco Ltd. (NYSE:IVZ)

Carrera Capital Advisors acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 68,712 shares of the asset manager's stock, valued at approximately $1,201,000.

Other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC increased its holdings in shares of 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 buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco in the third quarter valued at approximately $35,000. Crews Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter valued at approximately $44,000. Truvestments Capital LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $76,000. Finally, True Wealth Design LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

IVZ has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Barclays raised their price target on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. TD Cowen lowered their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. BMO Capital Markets raised their price target on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Invesco has a consensus rating of "Hold" and an average price target of $19.94.

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Invesco Trading Down 0.5 %

Shares of NYSE IVZ traded down $0.09 during midday trading on Friday, reaching $15.67. 7,188,891 shares of the stock were exchanged, compared to its average volume of 4,386,184. The business has a 50-day simple moving average of $17.70 and a two-hundred day simple moving average of $17.56. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month 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.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.23%. Invesco's dividend payout ratio is 69.49%.

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.