Ethos Financial Group LLC Takes $289,000 Position in Invesco Ltd. (NYSE:IVZ)

Ethos Financial Group LLC acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 4th quarter, Holdings Channel.com reports. The firm acquired 16,179 shares of the asset manager’s stock, valued at approximately $289,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp lifted its position in shares of Invesco by 0.5% in the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock worth $2,592,000 after buying an additional 767 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Invesco by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager’s stock valued at $292,000 after purchasing an additional 843 shares during the last quarter. MCF Advisors LLC raised its position in shares of Invesco by 16.1% during the 4th quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock worth $110,000 after purchasing an additional 855 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in Invesco by 2.1% during the 3rd quarter. Wright Investors Service Inc. now owns 54,275 shares of the asset manager’s stock valued at $788,000 after purchasing an additional 1,102 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ traded up $0.23 during mid-day trading on Thursday, hitting $15.22. The company’s stock had a trading volume of 3,431,290 shares, compared to its average volume of 4,700,599. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of -20.29, a PEG ratio of 1.12 and a beta of 1.45. The firm has a 50-day moving average price of $15.56 and a 200 day moving average price of $15.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. Invesco’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. On average, research analysts predict that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is presently -106.67%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several analyst reports. UBS Group reduced their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group cut their price target on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley increased their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company cut their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.79.

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.