DGS Capital Management LLC Has $176,000 Stake in Invesco Ltd. (NYSE:IVZ)

DGS Capital Management LLC reduced its stake in Invesco Ltd. (NYSE:IVZ) by 26.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,038 shares of the asset manager’s stock after selling 3,667 shares during the period. DGS Capital Management LLC’s holdings in Invesco were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% in 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 last quarter. Family Firm Inc. acquired a new position in shares of Invesco during the second quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco during the 3rd quarter valued at $35,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco during the 2nd quarter valued at $30,000. Finally, Allworth Financial LP increased its holdings 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 purchasing an additional 1,806 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IVZ shares. Barclays lifted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective 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, UBS Group increased their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Stock Performance

Shares of IVZ opened at $18.04 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $17.90 and its two-hundred day simple moving average is $16.75. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $18.94. The stock has a market capitalization of $8.11 billion, a P/E ratio of -19.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last announced 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. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, analysts predict that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is -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.