Guggenheim Capital LLC Sells 22,966 Shares of Invesco Ltd. (NYSE:IVZ)

Guggenheim Capital LLC reduced its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,325 shares of the asset manager's stock after selling 22,966 shares during the period. Guggenheim Capital LLC's holdings in Invesco were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd raised its stake in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares in the last quarter. Crews Bank & Trust acquired a new position in Invesco in the fourth quarter valued at about $44,000. Resona Asset Management Co. Ltd. bought a new stake in Invesco during the fourth quarter worth about $52,000. Finally, Assetmark Inc. grew its stake in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after buying an additional 2,770 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IVZ. Evercore ISI cut their price target on shares of Invesco from $18.00 to $13.00 and set an "in-line" rating for the company in a report on Friday, April 11th. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and cut their target price for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.03.

Invesco Stock Performance

Shares of IVZ stock opened at $13.49 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The business's 50 day simple moving average is $15.20 and its 200 day simple moving average is $16.92. The stock has a market capitalization of $6.04 billion, a PE ratio of 11.43, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Invesco 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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