Invesco Ltd. $IVZ Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Invesco Ltd. by 1.8%, owning approximately 4.41% of the company after selling nearly 358,000 shares, which equates to a value of around $299.55 million.
• Invesco reported a quarterly EPS of $0.36, missing the consensus estimate of $0.41, but saw revenue increase by 2.2% year-over-year to approximately $1.10 billion.
• A quarterly dividend of $0.21 is set to be paid on September 2nd, representing an annualized yield of 4.0% and a payout ratio of 90.32%.

Dimensional Fund Advisors LP reduced its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,746,797 shares of the asset manager's stock after selling 357,748 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.41% of Invesco worth $299,553,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. grew its holdings in Invesco by 33.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,943 shares of the asset manager's stock valued at $60,000 after buying an additional 990 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Invesco by 110.0% in the 1st quarter. Public Sector Pension Investment Board now owns 244,800 shares of the asset manager's stock valued at $3,714,000 after buying an additional 128,215 shares in the last quarter. Independent Advisor Alliance purchased a new stake in Invesco in the 1st quarter valued at $170,000. Nuveen LLC purchased a new stake in Invesco in the 1st quarter valued at $29,138,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Invesco during the 1st quarter worth $120,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IVZ has been the subject of a number of research analyst reports. Zacks Research upgraded Invesco to a "hold" rating in a report on Tuesday, August 12th. Barclays increased their price target on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, Morgan Stanley increased their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.78.

Invesco Stock Performance

NYSE:IVZ traded up $0.9350 during mid-day trading on Friday, reaching $21.6050. 943,220 shares of the stock were exchanged, compared to its average volume of 5,599,152. The company has a 50 day simple moving average of $18.52 and a 200-day simple moving average of $16.38. The stock has a market capitalization of $9.63 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.18 and a beta of 1.55. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $21.85.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $1.10 billion during 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 company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's payout ratio is 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.