Exchange Traded Concepts LLC Grows Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Exchange Traded Concepts LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 1,509.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,390 shares of the asset manager’s stock after purchasing an additional 5,993 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Invesco were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC increased its position in shares of Invesco by 9.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 38,284 shares of the asset manager’s stock worth $635,000 after purchasing an additional 3,327 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Invesco by 53.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 54,426 shares of the asset manager’s stock valued at $903,000 after buying an additional 18,942 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Invesco by 2.9% in the first quarter. Aviance Capital Partners LLC now owns 64,931 shares of the asset manager’s stock valued at $1,077,000 after acquiring an additional 1,829 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Invesco during the first quarter worth approximately $169,000. Finally, Norden Group LLC acquired a new position in shares of Invesco in the 1st quarter valued at $450,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ opened at $18.04 on Wednesday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.79. The company’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $16.08. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of -24.05, a PEG ratio of 1.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations 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 revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, sell-side analysts predict that Invesco Ltd. will post 1.66 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.55%. Invesco’s payout ratio is currently -109.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IVZ. UBS Group increased their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Evercore ISI upped their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $17.88.

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.