Invesco Ltd. (IVZ) Shares Bought by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC raised its holdings in Invesco Ltd. (NYSE:IVZ) by 47.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,020 shares of the asset manager’s stock after acquiring an additional 10,700 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Invesco were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IVZ. Sun Life Financial INC lifted its stake in Invesco by 3,034.1% during the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock valued at $110,000 after buying an additional 4,005 shares in the last quarter. First Interstate Bank lifted its stake in Invesco by 89.2% during the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after buying an additional 2,122 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Invesco by 80.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock valued at $130,000 after buying an additional 2,539 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in Invesco during the third quarter valued at about $173,000. Finally, Bessemer Group Inc. lifted its stake in Invesco by 51.4% during the second quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock valued at $178,000 after buying an additional 2,277 shares in the last quarter. 81.65% of the stock is owned by institutional investors.

NYSE IVZ opened at $20.26 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $8.28 billion, a PE ratio of 7.50, a P/E/G ratio of 0.86 and a beta of 1.52. Invesco Ltd. has a 52-week low of $19.28 and a 52-week high of $38.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $966.90 million during the quarter, compared to analyst estimates of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. Sell-side analysts predict that Invesco Ltd. will post 2.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, November 9th. Invesco’s dividend payout ratio (DPR) is 44.44%.

A number of analysts have commented on IVZ shares. Morgan Stanley reduced their price objective on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. Deutsche Bank reduced their price objective on shares of Invesco from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. JPMorgan Chase & Co. set a $29.00 price objective on shares of Invesco and gave the company a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Finally, UBS Group reduced their price objective on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.00.

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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.

Further Reading: Correction

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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