Rockland Trust Co. Purchases 21,537 Shares of Invesco Ltd. (NYSE:IVZ)

Rockland Trust Co. grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 31.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,384 shares of the asset manager’s stock after buying an additional 21,537 shares during the quarter. Rockland Trust Co.’s holdings in Invesco were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its position in shares of Invesco by 100.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after buying an additional 669 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Invesco in the 2nd quarter worth approximately $29,000. Asset Dedication LLC raised its holdings in shares of Invesco by 142.9% in the 2nd quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock worth $34,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors raised its holdings in shares of Invesco by 333.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock worth $38,000 after purchasing an additional 1,413 shares during the period. Finally, First National Corp MA ADV bought a new stake in shares of Invesco in the 1st quarter worth approximately $332,000. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:IVZ opened at $15.84 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.23 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 0.83 and a beta of 1.54. The firm’s 50 day moving average is $16.28 and its 200 day moving average is $19.03. Invesco Ltd. has a 12 month low of $15.15 and a 12 month high of $22.79.

Invesco (NYSE:IVZ) last issued its earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Invesco had a net margin of 11.45% and a return on equity of 10.23%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts predict that Invesco Ltd. will post 2.44 earnings per share for the current year.

IVZ has been the topic of a number of research reports. ValuEngine raised shares of Invesco from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. BMO Capital Markets initiated coverage on shares of Invesco in a report on Monday, October 7th. They issued a “market perform” rating and a $18.00 price target on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $17.00 price target (down previously from $23.00) on shares of Invesco in a report on Thursday. Citigroup set a $20.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank set a $21.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.42.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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