Kiker Wealth Management LLC Purchases Shares of 80,637 Invesco Ltd. (NYSE:IVZ)

Kiker Wealth Management LLC acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,637 shares of the asset manager's stock, valued at approximately $1,410,000. Invesco comprises approximately 1.1% of Kiker Wealth Management LLC's holdings, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of Invesco by 484.9% in 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the 3rd quarter worth approximately $35,000. Crews Bank & Trust bought a new stake in Invesco during the fourth quarter worth approximately $44,000. Assetmark Inc. grew its holdings in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Invesco by 133.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock valued at $65,000 after purchasing an additional 2,136 shares during the period. Institutional investors own 66.09% of the company's stock.

Invesco Stock Performance

IVZ traded up $0.10 during trading on Tuesday, reaching $15.96. 5,845,075 shares of the company's stock were exchanged, compared to its average volume of 3,869,493. The company has a market capitalization of $7.14 billion, a P/E ratio of 13.53, a PEG ratio of 0.98 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $17.25 and a 200 day moving average price of $17.44. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55.

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Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating 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, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is 69.49%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of "Hold" and an average price target of $19.94.

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.