Centennial Wealth Advisory LLC Has $362,000 Position in Invesco Ltd. (NYSE:IVZ)

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

A number of other institutional investors have also recently made changes to their positions in the stock. Econ Financial Services Corp grew its position in shares of Invesco by 132.3% in the 4th quarter. Econ Financial Services Corp now owns 121,534 shares of the asset manager’s stock valued at $2,124,000 after buying an additional 69,217 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after buying an additional 14,489 shares during the last quarter. Mather Group LLC. boosted its position in shares of Invesco by 10.2% during the 4th quarter. Mather Group LLC. now owns 35,925 shares of the asset manager’s stock valued at $628,000 after purchasing an additional 3,313 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in shares of Invesco during the 4th quarter valued at about $210,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Invesco during the 4th quarter valued at about $296,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IVZ shares. BMO Capital Markets upped their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Evercore ISI upped their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company boosted their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.87.

Invesco Trading Up 1.8 %

Shares of Invesco stock opened at $18.73 on Thursday. The stock has a fifty day simple moving average of $17.75 and a 200 day simple moving average of $17.37. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a market capitalization of $8.42 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced 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%. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.85 earnings per share for the current fiscal 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 paid a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.38%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

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.