GTS Securities LLC reduced its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 79.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,228 shares of the asset manager's stock after selling 73,412 shares during the quarter. GTS Securities LLC's holdings in Invesco were worth $336,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC bought a new position in shares of Invesco during the 4th quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd boosted its position in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares during the last quarter. Crews Bank & Trust bought a new position in shares of Invesco during the 4th quarter valued at approximately $44,000. Resona Asset Management Co. Ltd. bought a new position in shares of Invesco during the 4th quarter valued at approximately $52,000. Finally, Assetmark Inc. boosted its position in shares of Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. TD Cowen downgraded 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 report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Bank of America decreased their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.25.
Get Our Latest Stock Report on Invesco
Invesco Trading Down 2.0%
IVZ stock traded down $0.29 during trading on Friday, hitting $14.46. The company had a trading volume of 5,142,205 shares, compared to its average volume of 4,332,581. The firm has a market capitalization of $6.47 billion, a P/E ratio of 12.25, a PEG ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $16.30. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.81%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is currently 67.20%.
Invesco Profile
(
Free Report)
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.
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