Corient Private Wealth LLC Cuts Stock Position in Invesco Ltd. (NYSE:IVZ)

Corient Private Wealth LLC lowered its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,046 shares of the asset manager's stock after selling 20,505 shares during the period. Corient Private Wealth LLC's holdings in Invesco were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of IVZ. Wilmington Savings Fund Society FSB purchased a new stake in Invesco in the third quarter valued at about $35,000. Crews Bank & Trust purchased a new stake in shares of Invesco during the fourth quarter worth about $44,000. Assetmark Inc. increased its holdings in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock valued at $65,000 after purchasing an additional 2,136 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Invesco in the 3rd quarter worth approximately $77,000. Institutional investors own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday. BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Finally, Bank of America dropped their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.55.

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Invesco Price Performance

Shares of NYSE:IVZ traded down $1.61 during midday trading on Thursday, hitting $14.09. The company's stock had a trading volume of 1,192,873 shares, compared to its average volume of 4,680,387. The company has a market cap of $6.30 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12-month low of $14.04 and a 12-month high of $19.55. The business's 50 day simple moving average is $17.02 and its 200 day simple moving average is $17.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.82%. Invesco's payout ratio is 69.49%.

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.