EverSource Wealth Advisors LLC Purchases 2,136 Shares of Invesco Ltd. (NYSE:IVZ)

EverSource Wealth Advisors LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 133.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,737 shares of the asset manager’s stock after purchasing an additional 2,136 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Invesco were worth $65,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in Invesco by 49.3% in the fourth quarter. HighTower Advisors LLC now owns 21,401 shares of the asset manager’s stock valued at $374,000 after purchasing an additional 7,062 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of Invesco by 1.7% during the fourth quarter. Wealthfront Advisers LLC now owns 87,618 shares of the asset manager’s stock worth $1,532,000 after acquiring an additional 1,424 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invesco by 16.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,137 shares of the asset manager’s stock worth $422,000 after acquiring an additional 3,381 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Invesco by 10.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,745 shares of the asset manager’s stock worth $1,359,000 after acquiring an additional 7,076 shares during the last quarter. Finally, Amundi raised its position in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after acquiring an additional 1,472,178 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 1.6 %

Shares of Invesco stock opened at $15.58 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The stock has a 50 day moving average price of $17.31 and a two-hundred day moving average price of $17.46. The stock has a market capitalization of $6.97 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) 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 return on equity of 8.18% and a net margin of 12.77%. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.26%. Invesco’s dividend payout ratio is presently 69.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IVZ. Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. UBS Group raised their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.