Arkadios Wealth Advisors Invests $295,000 in Invesco Ltd. (NYSE:IVZ)

Arkadios Wealth Advisors bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,456 shares of the asset manager's stock, valued at approximately $295,000.

Several other hedge funds have also recently modified their holdings of IVZ. JPMorgan Chase & Co. grew its stake in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock worth $22,472,000 after buying an additional 188,041 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Invesco by 8.5% in the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock worth $6,148,000 after purchasing an additional 31,643 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Invesco by 177.3% in the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after purchasing an additional 894,105 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Invesco by 25.7% in the first quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock worth $3,021,000 after purchasing an additional 40,665 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Invesco by 24.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock worth $296,000 after purchasing an additional 3,778 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 target price (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and increased their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Evercore ISI lifted their price target on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.78.

Invesco Stock Performance

Shares of IVZ stock traded up $0.15 during mid-day trading on Friday, reaching $20.72. The stock had a trading volume of 2,905,712 shares, compared to its average volume of 9,082,483. Invesco Ltd. has a one year low of $11.60 and a one year high of $21.85. The company has a quick ratio of 1.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The firm's 50 day simple moving average is $17.38 and its 200 day simple moving average is $16.21. The firm has a market cap of $9.27 billion, a PE ratio of 22.28, a P/E/G ratio of 1.13 and a beta of 1.55.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, August 14th. Invesco's payout ratio is 90.32%.

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.