Erste Asset Management GmbH Takes Position in Invesco Ltd. (NYSE:IVZ)

Erste Asset Management GmbH purchased a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 107,396 shares of the asset manager's stock, valued at approximately $1,894,000.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after acquiring an additional 1,285 shares during the period. Family Firm Inc. acquired a new stake in Invesco in the second quarter valued at approximately $28,000. Sentry Investment Management LLC acquired a new stake in Invesco in the second quarter valued at approximately $30,000. Allworth Financial LP grew its holdings in Invesco by 304.0% in the third 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, HHM Wealth Advisors LLC acquired a new stake in Invesco in the second quarter valued at approximately $61,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, October 21st. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Finally, Morgan Stanley increased their target price on Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.63.

Invesco Stock Up 0.9 %

NYSE IVZ traded up $0.16 on Wednesday, hitting $18.10. 2,786,752 shares of the stock were exchanged, compared to its average volume of 4,142,777. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company has a market cap of $8.13 billion, a PE ratio of -19.50, a PEG ratio of 1.04 and a beta of 1.43. The company has a 50-day moving average price of $17.80 and a 200-day moving average price of $16.62.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The firm's revenue was down 20.8% on a year-over-year basis. Sell-side analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.53%. Invesco's payout ratio is currently -89.13%.

About Invesco

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.