Poinciana Advisors Group LLC Invests $175,000 in Invesco Ltd. (NYSE:IVZ)

Poinciana Advisors Group LLC acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,001 shares of the asset manager’s stock, valued at approximately $175,000.

A number of other large investors have also recently added to or reduced their stakes in IVZ. Principal Financial Group Inc. grew its stake in Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after acquiring an additional 16,473 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in Invesco in the 3rd quarter valued at about $271,000. Entropy Technologies LP acquired a new stake in Invesco in the 3rd quarter valued at about $400,000. GSA Capital Partners LLP acquired a new stake in Invesco in the 3rd quarter valued at about $853,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Invesco by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after acquiring an additional 1,167 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IVZ. TD Cowen lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets upped their target price on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Trading Up 2.4 %

Shares of IVZ stock opened at $15.32 on Friday. The firm has a market cap of $6.86 billion, a P/E ratio of 12.98, a PEG 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 debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The firm’s 50-day simple moving average is $17.42 and its 200-day simple 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 for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

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.