Captrust Financial Advisors Increases Position in Invesco Ltd. (NYSE:IVZ)

Captrust Financial Advisors raised its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 131.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,214 shares of the asset manager's stock after purchasing an additional 31,908 shares during the quarter. Captrust Financial Advisors' holdings in Invesco were worth $987,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Centennial Wealth Advisory LLC grew its position in Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager's stock valued at $273,000 after acquiring an additional 669 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager's stock worth $1,001,000 after purchasing an additional 946 shares during the period. Fifth Third Bancorp boosted its stake in shares of 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock worth $1,378,000 after buying an additional 1,020 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Invesco by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock valued at $248,000 after buying an additional 1,167 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Stock Up 0.6 %

NYSE IVZ traded up $0.11 during trading hours on Tuesday, hitting $18.47. The company's stock had a trading volume of 4,743,334 shares, compared to its average volume of 4,138,068. The company has a market capitalization of $8.30 billion, a PE ratio of -20.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $18.94. The company's 50-day simple moving average is $17.86 and its two-hundred day simple moving average is $16.70.

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

Invesco Dividend Announcement

The company 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. This represents a $0.82 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Thursday, November 14th. Invesco's dividend payout ratio is -89.13%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.