Entropy Technologies LP Buys 40,195 Shares of Invesco Ltd. (NYSE:IVZ)

Entropy Technologies LP raised its stake in Invesco Ltd. (NYSE:IVZ) by 176.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,995 shares of the asset manager’s stock after purchasing an additional 40,195 shares during the quarter. Entropy Technologies LP’s holdings in Invesco were worth $1,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Apollon Wealth Management LLC raised its holdings in Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock valued at $410,000 after buying an additional 7,986 shares during the last quarter. Lecap Asset Management Ltd. increased its position in shares of Invesco by 81.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager’s stock valued at $1,307,000 after acquiring an additional 33,489 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Invesco by 4.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,170 shares of the asset manager’s stock valued at $1,436,000 after acquiring an additional 3,718 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Invesco by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,710 shares of the asset manager’s stock worth $275,000 after purchasing an additional 1,561 shares during the period. Finally, Centennial Wealth Advisory LLC grew its stake in shares of Invesco by 8.5% in the fourth quarter. Centennial Wealth Advisory LLC now owns 20,709 shares of the asset manager’s stock worth $362,000 after purchasing an additional 1,614 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

IVZ stock opened at $18.73 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.06 and a beta of 1.43. The firm has a 50 day moving average price of $17.80 and a 200-day moving average price of $17.42. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities research analysts forecast that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.38%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IVZ. Argus upped their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $19.94.

About Invesco

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.