Proficio Capital Partners LLC Purchases New Position in Invesco Ltd. (NYSE:IVZ)

Proficio Capital Partners LLC bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 42,074 shares of the asset manager's stock, valued at approximately $735,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harmony Asset Management LLC increased its stake in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock valued at $1,078,000 after acquiring an additional 600 shares during the period. D.A. Davidson & CO. increased its position in shares of Invesco by 1.5% during the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after purchasing an additional 677 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Invesco by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock worth $248,000 after buying an additional 1,167 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Invesco by 1.6% in the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock valued at $1,346,000 after buying an additional 1,200 shares during the period. Finally, Blue Trust Inc. boosted its stake in Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock valued at $141,000 after buying an additional 1,221 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

IVZ has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. TD Cowen decreased their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, UBS Group lifted their target price on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.94.

Invesco Stock Up 0.1 %

NYSE:IVZ traded up $0.02 on Wednesday, hitting $15.26. 8,148,500 shares of the company's stock traded hands, compared to its average volume of 4,628,442. The company has a market cap of $6.83 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $17.57 and a 200-day moving average price of $17.53.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS 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%. Equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

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.