Carrera Capital Advisors Invests $1.20 Million in Invesco Ltd. (NYSE:IVZ)

Carrera Capital Advisors purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 68,712 shares of the asset manager’s stock, valued at approximately $1,201,000.

A number of other large investors also recently bought and sold shares of the stock. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco during the 3rd quarter valued at approximately $1,428,196,000. Azora Capital LP acquired a new stake in Invesco during the third quarter valued at $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Invesco by 131.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after buying an additional 516,622 shares in the last quarter. Algert Global LLC raised its position in shares of Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after acquiring an additional 444,470 shares during the period. Finally, Ieq Capital LLC boosted its stake in shares of Invesco by 635.9% during the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after acquiring an additional 423,621 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

IVZ opened at $15.99 on Wednesday. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The firm has a market capitalization of $7.18 billion, a PE ratio of 13.55, a PEG ratio of 0.98 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $17.77 and its 200 day moving average price is $17.58.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IVZ shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their target price on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their target price on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group increased their price objective on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.94.

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.