Wealthcare Capital Management LLC Trims Position in Invesco Ltd. (NYSE:IVZ)

Wealthcare Capital Management LLC reduced its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 630,545 shares of the asset manager's stock after selling 33,000 shares during the period. Invesco comprises approximately 1.1% of Wealthcare Capital Management LLC's portfolio, making the stock its 9th biggest position. Wealthcare Capital Management LLC owned about 0.14% of Invesco worth $11,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in 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 purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the third quarter valued at approximately $35,000. Allworth Financial LP grew its stake in Invesco by 304.0% in the 3rd 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 period. Truvestments Capital LLC purchased a new stake in Invesco during the third quarter worth about $76,000. Finally, True Wealth Design LLC bought a new position in shares of Invesco during the 3rd quarter valued at approximately $77,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

IVZ traded up $0.33 on Friday, reaching $17.20. The company had a trading volume of 4,442,376 shares, compared to its average volume of 2,411,864. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $18.94. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -18.70, a P/E/G ratio of 0.79 and a beta of 1.43. The business has a 50 day simple moving average of $17.63 and a 200 day simple moving average of $17.13.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The firm's quarterly revenue was down 20.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were given a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.77%. Invesco's payout ratio is -89.13%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a report on Monday, November 11th. Wells Fargo & Company cut their price target on Invesco from $17.50 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Finally, UBS Group raised their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.71.

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.