Entropy Technologies LP Grows Position in Invesco Ltd. (NYSE:IVZ)

Entropy Technologies LP boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 176.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,995 shares of the asset manager’s stock after buying 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 bought and sold shares of the stock. Avior Wealth Management LLC raised its holdings in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter valued at $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the period. Crews Bank & Trust bought a new stake in shares of Invesco in the fourth quarter worth $44,000. Finally, Truvestments Capital LLC purchased a new stake in Invesco during the third quarter valued at $76,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IVZ. Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Evercore ISI increased their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and an average price target of $19.94.

Invesco Stock Performance

IVZ opened at $18.73 on Tuesday. The stock 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. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. 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 company has a fifty day moving average of $17.80 and a 200 day moving average of $17.42.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is 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.