Wealthfront Advisers LLC Acquires 1,424 Shares of Invesco Ltd. (NYSE:IVZ)

Wealthfront Advisers LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,618 shares of the asset manager’s stock after purchasing an additional 1,424 shares during the period. Wealthfront Advisers LLC’s holdings in Invesco were worth $1,532,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in Invesco in the third quarter valued at approximately $1,428,196,000. Azora Capital LP bought a new stake in Invesco in the third quarter valued at approximately $27,289,000. Amundi increased its stake in Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after purchasing an additional 1,472,178 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invesco by 131.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after purchasing an additional 516,622 shares in the last quarter. Finally, Algert Global LLC increased its stake in Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after purchasing an additional 444,470 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 2.4 %

Shares of Invesco stock opened at $15.32 on Friday. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The stock has a market cap of $6.86 billion, a P/E ratio of 12.98, a P/E/G 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’s 50 day moving average is $17.42 and its 200-day moving average is $17.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their price objective 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. Finally, Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.