Claro Advisors LLC Makes New $283,000 Investment in Invesco Ltd. (NYSE:IVZ)

Claro Advisors LLC bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,136 shares of the asset manager’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVZ. Family Firm Inc. bought a new position in Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco during the 2nd quarter valued at $30,000. Allworth Financial LP raised its position in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after buying an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco during the 2nd quarter valued at $61,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IVZ. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company raised their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. UBS Group raised their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.63.

Invesco Trading Down 1.1 %

Shares of IVZ opened at $17.47 on Tuesday. The firm’s 50-day moving average price is $17.52 and its 200-day moving average price is $16.44. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of -18.99, a PEG ratio of 1.02 and a beta of 1.44. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 1-year low of $13.53 and a 1-year high of $18.94.

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

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.69%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.