Thrivent Financial for Lutherans Sells 295,212 Shares of Invesco Ltd. (NYSE:IVZ)

Thrivent Financial for Lutherans trimmed its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 52.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,089 shares of the asset manager's stock after selling 295,212 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Invesco worth $4,707,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of Invesco in the 2nd quarter worth about $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the second quarter valued at approximately $30,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Invesco by 50.0% in 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 in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Invesco in the 2nd quarter worth approximately $61,000. Institutional investors own 66.09% of the company's stock.

Invesco Price Performance

NYSE IVZ traded up $0.41 on Monday, hitting $18.15. 4,412,813 shares of the company traded hands, compared to its average volume of 4,181,038. The business's 50 day moving average price is $17.65 and its 200-day moving average price is $16.51. Invesco Ltd. has a 52-week low of $13.53 and a 52-week high of $18.94. 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 issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $0.35 earnings per share. The company's revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.

Invesco Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on IVZ. Wells Fargo & Company boosted their target price on Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on Invesco from $17.50 to $19.50 and gave the company a "neutral" 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. Finally, Barclays increased their price objective on 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 given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus price target of $18.63.

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.