Sei Investments Co. cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,387 shares of the asset manager's stock after selling 72,297 shares during the quarter. Sei Investments Co.'s holdings in Invesco were worth $3,538,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. D.A. Davidson & CO. grew its stake in Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after acquiring an additional 677 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Invesco by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System grew its position in shares of Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock valued at $1,712,000 after purchasing an additional 812 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Invesco by 1.6% in the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock worth $1,346,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Invesco by 18.0% in the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after buying an additional 1,221 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on IVZ. BMO Capital Markets raised their price target on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Bank of America lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Royal Bank of Canada initiated coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.97.
View Our Latest Report on IVZ
Invesco Trading Down 5.3 %
Shares of IVZ stock traded down $0.68 on Tuesday, reaching $12.03. 9,483,520 shares of the company's stock were exchanged, compared to its average volume of 4,168,212. The company's fifty day simple moving average is $16.46 and its 200 day simple moving average is $17.27. Invesco Ltd. has a 52 week low of $11.87 and a 52 week high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $5.39 billion, a PE ratio of 10.20, a P/E/G ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.81%. Invesco's dividend payout ratio (DPR) is 69.49%.
Invesco Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
