Pallas Capital Advisors LLC Has $871,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Pallas Capital Advisors LLC lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,823 shares of the asset manager’s stock after buying an additional 5,889 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Invesco were worth $871,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco in the 3rd quarter worth about $1,428,196,000. State Street Corp raised its position in shares of Invesco by 0.7% in the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after buying an additional 151,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares during the period. Geode Capital Management LLC grew its position in Invesco by 0.9% during the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after buying an additional 93,126 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 0.5 %

Shares of IVZ stock opened at $16.44 on Tuesday. The stock’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $17.10. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The firm has a market capitalization of $7.39 billion, a P/E ratio of -17.87, a P/E/G ratio of 1.05 and a beta of 1.43. 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 issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Invesco’s revenue for the quarter was down 20.8% on a year-over-year basis. As a group, sell-side analysts predict that Invesco Ltd. will post 1.7 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Analysts Set New Price Targets

IVZ has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price target 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. The Goldman Sachs Group decreased their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.83.

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.