Tounjian Advisory Partners LLC Takes Position in Invesco Ltd. (NYSE:IVZ)

Tounjian Advisory Partners LLC bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 62,790 shares of the asset manager's stock, valued at approximately $953,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after buying an additional 677 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after buying an additional 710 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Invesco by 18.3% in the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock valued at $91,000 after buying an additional 801 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock valued at $1,712,000 after buying an additional 812 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Invesco by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock valued at $2,677,000 after buying an additional 835 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 2.9%

IVZ traded down $0.44 during midday trading on Friday, reaching $14.52. 5,120,727 shares of the company were exchanged, compared to its average volume of 4,368,173. 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 Ltd. has a one year low of $11.60 and a one year high of $19.55. The stock has a market capitalization of $6.50 billion, a P/E ratio of 12.30, a PEG ratio of 0.98 and a beta of 1.49. The stock's 50-day simple moving average is $14.19 and its 200 day simple moving average is $16.08.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business earned $0.33 earnings per share. As a group, analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of research reports. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Morgan Stanley lowered their price objective on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup lowered their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Wells Fargo & Company lowered their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.38.

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.