Invesco Ltd. (NYSE:IVZ) Shares Purchased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC raised its stake in Invesco Ltd. (NYSE:IVZ) by 89.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,658 shares of the asset manager’s stock after acquiring an additional 13,090 shares during the period. AlphaStar Capital Management LLC’s holdings in Invesco were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in shares of Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco in the third quarter valued at approximately $1,428,196,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Invesco in the 3rd quarter valued at $853,000. Finally, Pacer Advisors Inc. raised its position in Invesco by 7.8% in the 4th quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock valued at $633,000 after purchasing an additional 2,615 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank of Canada began coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. TD Cowen lowered their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. UBS Group upped their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays upped their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Price Performance

Invesco stock opened at $18.90 on Monday. 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 $14.16 and a one year high of $19.55. The company has a market cap of $8.49 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The business has a fifty day moving average of $17.79 and a two-hundred day moving average of $17.41.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, analysts predict that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.