Centennial Wealth Advisory LLC Raises Holdings in Invesco Ltd. (NYSE:IVZ)

Centennial Wealth Advisory LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,095 shares of the asset manager’s stock after purchasing an additional 816 shares during the period. Centennial Wealth Advisory LLC’s holdings in Invesco were worth $335,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. purchased a new position in shares of Invesco during the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new position in shares of Invesco during the 2nd quarter worth approximately $30,000. Allworth Financial LP grew its stake in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Invesco during the 1st quarter valued at $52,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 1,210 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the subject of several recent analyst reports. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upped their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and an average target price of $18.38.

Invesco Stock Up 3.8 %

Shares of IVZ traded up $0.67 during mid-day trading on Wednesday, hitting $18.53. 515,653 shares of the company’s stock were exchanged, compared to its average volume of 4,201,935. The firm has a fifty day moving average of $17.27 and a two-hundred day moving average of $16.23. Invesco Ltd. has a twelve month low of $12.68 and a twelve month high of $18.94. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of -19.41, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business 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%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.43%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.