1,554,036 Shares in Invesco Ltd. (NYSE:IVZ) Acquired by Azora Capital LP

Azora Capital LP bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the third quarter, Holdings Channel.com reports. The fund bought 1,554,036 shares of the asset manager’s stock, valued at approximately $27,289,000. Invesco comprises 1.5% of Azora Capital LP’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its stake in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. bought a new stake in shares of Invesco during the second quarter valued at about $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the second quarter valued at about $30,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco in the second quarter valued at approximately $61,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 0.3 %

Shares of NYSE IVZ opened at $18.09 on Monday. The stock has a market capitalization of $8.13 billion, a P/E ratio of -19.66, a PEG ratio of 1.04 and a beta of 1.44. Invesco Ltd. has a one year low of $14.14 and a one year high of $18.94. The firm’s 50 day simple moving average is $17.77 and its two-hundred day simple moving average is $16.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. As a group, analysts expect that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Barclays lifted their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.63.

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.