Elevated Capital Advisors LLC trimmed its position in Invesco Ltd. (NYSE:IVZ – Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,588 shares of the asset manager’s stock after selling 1,187 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Invesco were worth $713,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Invesco in the 2nd quarter worth $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the 2nd quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in shares of Invesco in the 1st quarter worth $52,000. Abich Financial Wealth Management LLC raised its position in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after acquiring an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco in the 2nd quarter worth $61,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Stock Down 3.0 %
Invesco stock opened at $17.49 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. The business’s 50-day simple moving average is $17.10 and its two-hundred day simple moving average is $16.09. The company has a market cap of $7.87 billion, a PE ratio of -23.17, a PEG ratio of 1.10 and a beta of 1.44. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.79.
Invesco Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.69%. Invesco’s payout ratio is presently -109.33%.
Wall Street Analyst Weigh In
IVZ has been the subject of several recent research reports. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group boosted their price target on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Evercore ISI boosted their price target on Invesco from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.38.
Read Our Latest Analysis on Invesco
About Invesco
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.
Further Reading
- Five stocks we like better than Invesco
- What Are the U.K. Market Holidays? How to Invest and Trade
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- 5 discounted opportunities for dividend growth investors
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.