Asset Management One Co. Ltd. Trims Holdings in Invesco Ltd. (NYSE:IVZ)

Asset Management One Co. Ltd. trimmed its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 84.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,056 shares of the asset manager's stock after selling 70,052 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Invesco were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Invesco by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after buying an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Invesco by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Invesco by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after buying an additional 31,854 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 1.0%

Shares of Invesco stock traded up $0.17 on Friday, hitting $16.76. The stock had a trading volume of 2,855,160 shares, compared to its average volume of 4,443,651. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.95 and a beta of 1.48. The stock's 50-day simple moving average is $14.90 and its two-hundred day simple moving average is $15.81.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.94% and a net margin of 13.14%. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco's payout ratio is currently 67.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IVZ. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Bank of America lowered their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI raised their target price on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Barclays raised their target price on shares of Invesco from $14.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.48.

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.