Grantham Mayo Van Otterloo & Co. LLC Sells 92,131 Shares of Invesco Ltd. $IVZ

Key Points

• Grantham Mayo Van Otterloo & Co. trimmed its stake in Invesco by 32.4%, selling 92,131 shares and leaving 191,887 shares valued at about $4.40 million per its latest 13F filing.
• Analyst coverage is mixed with a consensus "Hold" rating and an average target price of $28.46 (five Buys, ten Holds), while several firms recently raised or lowered their targets.
• Invesco beat quarterly EPS estimates ($0.62 vs. $0.58) with revenue up 6.1% year-over-year to $1.26 billion, and pays a $0.21 quarterly dividend (about a 3.5% yield); market cap is roughly $10.6 billion.

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,887 shares of the asset manager's stock after selling 92,131 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Invesco were worth $4,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CNB Bank bought a new position in shares of Invesco in the 3rd quarter valued at about $26,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the third quarter worth approximately $30,000. Root Financial Partners LLC bought a new stake in shares of Invesco during the third quarter worth approximately $30,000. Quent Capital LLC acquired a new position in Invesco in the third quarter valued at approximately $37,000. Finally, Capital A Wealth Management LLC lifted its holdings in Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager's stock valued at $26,000 after buying an additional 1,633 shares during the period. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Invesco from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, December 10th. Royal Bank Of Canada cut their price target on Invesco from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 28th. The Goldman Sachs Group raised their price target on Invesco from $29.50 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, February 12th. Barclays decreased their price objective on Invesco from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded Invesco from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $28.46.

Invesco Trading Up 0.7%

IVZ opened at $23.84 on Tuesday. The firm's fifty day moving average is $27.06 and its two-hundred day moving average is $24.91. The firm has a market cap of $10.58 billion, a PE ratio of -14.90, a price-to-earnings-growth ratio of 0.43 and a beta of 1.68. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm's revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco's payout ratio is presently -52.50%.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange NYSE: IVZ. With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm's product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.

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