Deutsche Bank AG Lowers Stake in Invesco Ltd. (NYSE:IVZ)

Key Points

• Deutsche Bank AG reduced its stake in Invesco Ltd. by 10.8% in the first quarter, selling 359,539 shares and now owning about 0.66% of the company valued at $45.1 million.
• Several other institutional investors, including New York State Teachers Retirement System and Principal Financial Group Inc., have increased their positions in Invesco during the same period, with institutional ownership now at 66.09%.
• Invesco recently declared a quarterly dividend of $0.21 per share, representing an annualized yield of 4.1%, and the company's stock is currently rated as a "Hold" with a price target of $18.78.

Deutsche Bank AG trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,975,059 shares of the asset manager's stock after selling 359,539 shares during the quarter. Deutsche Bank AG owned approximately 0.66% of Invesco worth $45,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. boosted its holdings in shares of Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after buying an additional 1,282 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter valued at $38,000. Versant Capital Management Inc lifted its position in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after acquiring an additional 2,234 shares during the period. Curat Global LLC bought a new position in Invesco during the first quarter worth $49,000. Finally, True Wealth Design LLC grew its holdings in Invesco by 18.3% in the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock worth $91,000 after purchasing an additional 801 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of research analyst reports. Evercore ISI increased 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. Barclays upped their price target on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and raised their price objective for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 price target (up previously from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.78.

Invesco Stock Performance

Shares of Invesco stock traded up $0.48 during trading hours on Wednesday, reaching $21.52. The company had a trading volume of 5,014,166 shares, compared to its average volume of 8,996,781. The firm has a market cap of $9.60 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.55. Invesco Ltd. has a one year low of $11.60 and a one year high of $21.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The business has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $16.29.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. On average, analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date 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.