Aspire Private Capital LLC Takes Position in Invesco Ltd. (IVZ)

Aspire Private Capital LLC acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,367 shares of the asset manager’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its holdings in shares of Invesco by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock worth $35,000 after acquiring an additional 1,231 shares during the period. Rational Advisors LLC raised its position in shares of Invesco by 411.3% in the fourth quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock valued at $42,000 after buying an additional 2,040 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Invesco by 30.3% in the fourth quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock valued at $48,000 after buying an additional 670 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Invesco in the fourth quarter valued at approximately $52,000. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of Invesco in the fourth quarter valued at approximately $53,000. Institutional investors own 81.56% of the company’s stock.

Shares of NYSE IVZ traded down $0.13 during trading on Friday, hitting $21.53. 2,559,442 shares of the company traded hands, compared to its average volume of 3,886,361. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $31.47. The firm has a market capitalization of $8.55 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.10 and a beta of 1.53. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.85.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.10). Invesco had a return on equity of 10.96% and a net margin of 16.61%. The business had revenue of $919.20 million during the quarter, compared to analyst estimates of $913.37 million. During the same quarter in the prior year, the company earned $0.73 EPS. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Invesco Ltd. will post 2.28 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Invesco from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, April 10th. Barclays reissued a “buy” rating and issued a $19.00 price objective on shares of Invesco in a research note on Thursday, January 10th. Credit Suisse Group reduced their price objective on shares of Invesco from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 14th. Wells Fargo & Co boosted their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 19th. Finally, Deutsche Bank cut shares of Invesco from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $18.00 in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Invesco currently has a consensus rating of “Hold” and an average price target of $22.20.

In other Invesco news, major shareholder Ltd. Invesco acquired 425,531 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average cost of $2.64 per share, with a total value of $1,123,401.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rod Canion acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was acquired at an average cost of $17.97 per share, with a total value of $179,700.00. Following the completion of the acquisition, the director now owns 64,451 shares in the company, valued at approximately $1,158,184.47. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 455,531 shares of company stock valued at $1,680,902. Company insiders own 1.90% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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