Invesco Ltd. (NYSE:IVZ) Shares Sold by Continental Advisors LLC

Continental Advisors LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,290 shares of the asset manager's stock after selling 140,650 shares during the period. Invesco makes up 1.4% of Continental Advisors LLC's investment portfolio, making the stock its 20th largest position. Continental Advisors LLC's holdings in Invesco were worth $2,977,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after acquiring an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after acquiring an additional 274,134 shares in the last quarter. Geode Capital Management LLC lifted its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares in the last quarter. Alliancebernstein L.P. raised its position in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after purchasing an additional 31,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Invesco by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock valued at $77,320,000 after acquiring an additional 111,518 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Price Performance

NYSE IVZ traded down $0.14 during trading hours on Friday, reaching $13.93. The company's stock had a trading volume of 6,258,182 shares, compared to its average volume of 4,303,377. The stock has a market cap of $6.24 billion, a PE ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company's 50-day moving average is $14.92 and its two-hundred day moving average is $16.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company earned $0.33 EPS. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is currently 67.20%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IVZ. UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup reduced their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Barclays upped their price target on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday. Bank of America reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Invesco currently has a consensus rating of "Hold" and an average target price of $17.25.

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.