Elevated Capital Advisors LLC Invests $625,000 in Invesco Ltd. (NYSE:IVZ)

Elevated Capital Advisors LLC purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 2nd quarter, Holdings Channel reports. The firm purchased 41,775 shares of the asset manager’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Invesco during the second quarter worth $28,000. Gables Capital Management Inc. lifted its holdings in Invesco by 74.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares during the last quarter. Quarry LP purchased a new stake in Invesco during the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its position in shares of Invesco by 182.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after acquiring an additional 1,589 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Invesco in the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Evercore ISI boosted their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. Barclays assumed coverage on Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Invesco Stock Up 1.1 %

IVZ stock opened at $17.09 on Tuesday. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.28. 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 company has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $15.74. The stock has a market capitalization of $7.69 billion, a P/E ratio of -22.79, a PEG ratio of 1.18 and a beta of 1.47.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.205 per share. The ex-dividend date is Friday, August 16th. This represents a $0.82 annualized dividend and a yield of 4.80%. Invesco’s dividend payout ratio is currently -109.33%.

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.