Centennial Wealth Advisory LLC Acquires 1,614 Shares of Invesco Ltd. (NYSE:IVZ)

Centennial Wealth Advisory LLC raised its holdings in Invesco Ltd. (NYSE:IVZ) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,709 shares of the asset manager’s stock after purchasing an additional 1,614 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Invesco were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Harmony Asset Management LLC grew its stake in Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 600 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after buying an additional 1,020 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Invesco by 9.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock worth $248,000 after purchasing an additional 1,167 shares in the last quarter. Blue Trust Inc. lifted its holdings in Invesco by 18.0% during the 4th quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager’s stock worth $141,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Argus increased their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Barclays upped their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” 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 two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.87.

Invesco Price Performance

IVZ opened at $18.73 on Thursday. The stock’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $17.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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%. As a group, analysts predict that Invesco Ltd. will post 1.85 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed 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. This represents a $0.82 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

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.