Sanctuary Advisors LLC Has $706,000 Holdings in Invesco Ltd. (NYSE:IVZ)

Sanctuary Advisors LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 255.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,784 shares of the asset manager’s stock after buying an additional 28,584 shares during the period. Sanctuary Advisors LLC’s holdings in Invesco were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC grew its position in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the period. Sentry Investment Management LLC bought a new position in Invesco during the second quarter worth about $30,000. Allworth Financial LP increased its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in Invesco in the second quarter valued at approximately $61,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $76,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IVZ shares. Barclays boosted their target price on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods cut their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group increased their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.88.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $17.48 on Tuesday. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $18.94. The company’s 50 day moving average price is $17.87 and its two-hundred day moving average price is $16.84. The firm has a market cap of $7.86 billion, a PE ratio of -19.00, a PEG ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. Equities research analysts predict that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.