Wealth Enhancement Advisory Services LLC Acquires 70,653 Shares of Invesco Ltd. (NYSE:IVZ)

Wealth Enhancement Advisory Services LLC boosted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 591.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,603 shares of the asset manager's stock after acquiring an additional 70,653 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Invesco were worth $1,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after acquiring an additional 3,349,069 shares during the period. Swedbank AB purchased a new position in Invesco during the 1st quarter valued at about $41,475,000. Bank of New York Mellon Corp grew its holdings in Invesco by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager's stock valued at $37,241,000 after buying an additional 30,016 shares in the last quarter. AQR Capital Management LLC grew its holdings in Invesco by 19.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager's stock valued at $35,274,000 after buying an additional 377,786 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Invesco by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager's stock valued at $24,843,000 after buying an additional 58,332 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

NYSE:IVZ traded up $0.39 during mid-day trading on Tuesday, reaching $17.86. The stock had a trading volume of 4,530,109 shares, compared to its average volume of 4,220,587. The firm has a 50 day moving average price of $17.25 and a two-hundred day moving average price of $16.21. The stock has a market capitalization of $8.04 billion, a P/E ratio of -19.29, a P/E/G ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a one year low of $12.68 and a one year high of $18.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

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

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.59%. Invesco's payout ratio is currently -89.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on IVZ shares. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted 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. Barclays boosted their price objective on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus target price of $18.38.

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.