Truist Financial Corp Has $1.71 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Truist Financial Corp lessened its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,929 shares of the asset manager's stock after selling 174,760 shares during the quarter. Truist Financial Corp's holdings in Invesco were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in Invesco by 484.9% during the third 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 period. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco during the 3rd quarter worth about $35,000. Allworth Financial LP boosted its position in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,806 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter worth approximately $44,000. Finally, Truvestments Capital LLC purchased a new stake in Invesco in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Stock Performance

NYSE IVZ traded down $0.59 during trading on Monday, hitting $16.81. The company's stock had a trading volume of 2,045,369 shares, compared to its average volume of 4,146,032. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The firm has a market cap of $7.55 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The firm has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.59. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

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Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Argus upped their price target on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada began coverage on Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.94.

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.