Invesco Ltd. (NYSE:IVZ) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 89.9% in the fourth quarter, HoldingsChannel reports. The firm owned 27,658 shares of the asset manager’s stock after acquiring an additional 13,090 shares during the period. AlphaStar Capital Management LLC’s holdings in Invesco were worth $483,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Invesco by 484.9% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco in the 3rd quarter valued at about $35,000. Allworth Financial LP lifted its holdings in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Invesco during the 4th quarter worth about $44,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Invesco during the third quarter worth about $76,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 1.4 %

Shares of NYSE:IVZ opened at $18.90 on Monday. The stock has a 50-day simple moving average of $17.79 and a 200-day simple moving average of $17.41. The stock has a market capitalization of $8.49 billion, a P/E ratio of 16.01, a PEG ratio of 1.06 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 quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) 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%. Equities analysts forecast that Invesco Ltd. will post 1.85 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Argus increased their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays increased their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.94.

About Invesco

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.