Greenleaf Trust Takes Position in Invesco Ltd. (NYSE:IVZ)

Greenleaf Trust bought a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,764 shares of the asset manager’s stock, valued at approximately $263,000.

Several other large investors also recently bought and sold shares of IVZ. Orion Capital Management LLC purchased a new position in shares of Invesco in the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. grew its position in Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after acquiring an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Invesco during the third quarter worth approximately $32,000. Sentry Investment Management LLC purchased a new stake in Invesco during the third quarter valued at approximately $36,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Invesco during the third quarter valued at approximately $41,000. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on IVZ. The Goldman Sachs Group cut their target price on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank of Canada increased their target price on shares of Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 target price (down previously from $19.00) on shares of Invesco in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.79.

Invesco Trading Down 0.4 %

Shares of NYSE:IVZ opened at $14.52 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. The business’s 50 day moving average is $15.73 and its 200 day moving average is $15.44. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. Sell-side analysts predict that Invesco Ltd. will post 1.75 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, May 13th. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is presently -106.67%.

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.