Swedbank AB Sells 500,000 Shares of Invesco Ltd. (NYSE:IVZ)

Swedbank AB trimmed its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 20.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,000,000 shares of the asset manager's stock after selling 500,000 shares during the period. Swedbank AB owned about 0.44% of Invesco worth $35,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after buying an additional 1,285 shares during the last quarter. Family Firm Inc. purchased a new position in Invesco in the second quarter valued at about $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the 2nd quarter valued at approximately $30,000. Allworth Financial LP increased its stake in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock worth $60,000 after purchasing an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

IVZ has been the subject of several research reports. Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Royal Bank of Canada increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.63.

Invesco Price Performance

NYSE IVZ remained flat at $18.15 during trading on Tuesday. The company's stock had a trading volume of 2,756,576 shares, compared to its average volume of 4,174,818. The stock has a 50 day moving average of $17.68 and a two-hundred day moving average of $16.53. Invesco Ltd. has a fifty-two week low of $13.53 and a fifty-two week high of $18.94. The company has a market capitalization of $8.16 billion, a PE ratio of -19.73, a PEG ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.35 earnings per share. Invesco's quarterly revenue was down 20.8% on a year-over-year basis. Research analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.52%. Invesco's dividend payout ratio (DPR) is presently -89.13%.

Invesco Company 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.