Alexander Randolph Advisory Inc. Invests $2.50 Million in Invesco Ltd. (NYSE:IVZ)

Alexander Randolph Advisory Inc. bought a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 139,905 shares of the asset manager's stock, valued at approximately $2,496,000. Invesco accounts for about 2.3% of Alexander Randolph Advisory Inc.'s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IVZ. Orion Capital Management LLC bought a new stake in Invesco in the third quarter valued at about $25,000. Jones Financial Companies Lllp bought a new stake in Invesco during the third quarter worth about $32,000. Sentry Investment Management LLC bought a new stake in Invesco during the third quarter worth about $36,000. Pinnacle Bancorp Inc. grew its stake in Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in Invesco during the third quarter worth about $41,000. Institutional investors own 66.09% of the company's stock.

Invesco Trading Up 1.1 %

NYSE IVZ traded up $0.16 during trading hours on Friday, hitting $14.67. The company's stock had a trading volume of 5,254,343 shares, compared to its average volume of 4,482,069. The stock has a fifty day moving average of $15.69 and a 200 day moving average of $15.46. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The firm has a market capitalization of $6.59 billion, a P/E ratio of -19.56, a PEG ratio of 1.08 and a beta of 1.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.68 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a $0.205 dividend. The ex-dividend date is Monday, May 13th. This is a positive change from Invesco's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.59%. Invesco's dividend payout ratio (DPR) is -106.67%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IVZ. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $17.00 to $16.50 and set a "neutral" rating on the stock in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 17th. TD Cowen decreased their price objective on shares of Invesco from $21.00 to $19.50 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank of Canada upped their price objective on shares of Invesco from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 18th. Finally, Wells Fargo & Company reduced their target price on shares of Invesco from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 24th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $16.79.

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.