Cerity Partners LLC Has $12.68 Million Holdings in Invesco Ltd. (NYSE:IVZ)

Cerity Partners LLC grew its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 35.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 722,263 shares of the asset manager's stock after purchasing an additional 190,234 shares during the period. Cerity Partners LLC owned approximately 0.16% of Invesco worth $12,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $30,000. Allworth Financial LP grew its stake in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock valued at $60,000 after purchasing an additional 1,210 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IVZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price target on Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Evercore ISI boosted their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, UBS Group increased their price objective on 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 given a hold rating and one has issued 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.

Invesco Stock Down 0.2 %

Shares of NYSE:IVZ traded down $0.04 during midday trading on Tuesday, hitting $18.11. The stock had a trading volume of 893,901 shares, compared to its average volume of 4,166,458. Invesco Ltd. has a 12 month low of $13.53 and a 12 month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The business's 50-day simple moving average is $17.68 and its 200-day simple moving average is $16.53. The company has a market cap of $8.14 billion, a P/E ratio of -19.72, a PEG ratio of 1.02 and a beta of 1.44.

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

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's dividend payout ratio (DPR) is presently -89.13%.

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.