AE Wealth Management LLC Trims Position in Invesco Ltd. (NYSE:IVZ)

AE Wealth Management LLC lessened its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 758,506 shares of the asset manager's stock after selling 105,950 shares during the period. AE Wealth Management LLC owned about 0.17% of Invesco worth $11,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after buying an additional 188,041 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Invesco by 8.5% in the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after purchasing an additional 31,643 shares in the last quarter. Principal Financial Group Inc. increased its stake in Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after buying an additional 894,105 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco during the 4th quarter worth approximately $1,979,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Invesco by 24.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock valued at $296,000 after buying an additional 3,778 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. The Goldman Sachs Group raised their price target on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Evercore ISI boosted their price objective on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley boosted their price target on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.78.

Invesco Price Performance

Shares of IVZ traded up $0.36 on Friday, reaching $21.79. The stock had a trading volume of 4,955,027 shares, compared to its average volume of 8,189,956. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.84. The firm has a market capitalization of $9.75 billion, a PE ratio of 23.42, a PEG ratio of 1.17 and a beta of 1.48. The firm has a 50-day moving average of $16.09 and a 200 day moving average of $15.93. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a return on equity of 7.97% and a net margin of 10.68%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's payout ratio is currently 90.32%.

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.