Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Invesco Ltd. $IVZ

Wealth Enhancement Advisory Services LLC boosted its stake in Invesco Ltd. (NYSE:IVZ) by 36.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,296 shares of the asset manager’s stock after purchasing an additional 47,414 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco were worth $4,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IVZ. KLP Kapitalforvaltning AS raised its position in shares of Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock valued at $2,225,000 after buying an additional 700 shares in the last quarter. IFP Advisors Inc raised its position in Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 761 shares in the last quarter. Forum Financial Management LP lifted its stake in Invesco by 4.8% during the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock worth $273,000 after purchasing an additional 791 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Invesco by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock worth $1,618,000 after purchasing an additional 792 shares in the last quarter. Finally, Poehling Capital Management INC. raised its holdings in shares of Invesco by 0.3% during the 2nd quarter. Poehling Capital Management INC. now owns 255,585 shares of the asset manager’s stock valued at $4,031,000 after buying an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on IVZ shares. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Evercore ISI raised their target price on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Morgan Stanley set a $29.00 price target on Invesco in a report on Monday. Citigroup boosted their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Finally, Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.42.

Invesco Trading Up 0.8%

Shares of NYSE IVZ opened at $28.63 on Tuesday. The company has a market cap of $12.74 billion, a PE ratio of 19.48, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $26.59 and its 200-day moving average price is $23.66. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Invesco had a return on equity of 9.11% and a net margin of 14.15%.During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director owned 192 shares in the company, valued at $4,523.52. This represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.