Captrust Financial Advisors Has $1.25 Million Position in Invesco Ltd. (NYSE:IVZ)

Captrust Financial Advisors increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 27.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,748 shares of the asset manager’s stock after buying an additional 15,534 shares during the quarter. Captrust Financial Advisors’ holdings in Invesco were worth $1,254,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IVZ. Barclays PLC increased its holdings in Invesco by 1.5% in the third quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock worth $41,516,000 after buying an additional 35,031 shares during the last quarter. Franklin Resources Inc. lifted its stake in Invesco by 136.2% in the third quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock valued at $2,265,000 after acquiring an additional 73,671 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Invesco by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock worth $8,988,000 after purchasing an additional 16,473 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 84,115 shares of the asset manager’s stock worth $1,477,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Invesco by 6.3% in the 4th quarter. Czech National Bank now owns 97,448 shares of the asset manager’s stock valued at $1,703,000 after purchasing an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Down 1.2%

IVZ stock opened at $15.47 on Thursday. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $14.28 and a two-hundred day moving average price of $16.55.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period in the prior year, the firm earned $0.33 EPS. Analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Wednesday, May 14th. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is currently 67.20%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. Argus boosted their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Evercore ISI increased their price target on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, April 23rd. One equities 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, Invesco presently has a consensus rating of “Hold” and an average target price of $17.25.

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.