Invesco Ltd. $IVZ Stock Holdings Lessened by Ieq Capital LLC

Key Points

• Ieq Capital LLC decreased its stake in Invesco Ltd. by 27.1%, selling 133,088 shares to hold 357,154 shares worth approximately $5.4 million as of the latest SEC filing.
• Invesco reported earnings per share of $0.36 for the most recent quarter, missing analysts' expectations of $0.41, but revenue increased by 2.2% year-over-year.
• The firm declared a quarterly dividend of $0.21, yielding 3.8%, with the next payment date set for September 2nd and the ex-dividend date on August 14th.

Ieq Capital LLC decreased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,154 shares of the asset manager's stock after selling 133,088 shares during the period. Ieq Capital LLC owned approximately 0.08% of Invesco worth $5,418,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. D.A. Davidson & CO. increased its stake in Invesco by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock valued at $720,000 after buying an additional 755 shares during the period. Brooklyn Investment Group increased its stake in Invesco by 17.1% during the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock valued at $83,000 after buying an additional 800 shares during the period. CWM LLC increased its stake in Invesco by 0.5% during the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager's stock valued at $2,479,000 after buying an additional 862 shares during the period. Resona Asset Management Co. Ltd. increased its stake in Invesco by 33.5% during 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 during the period. Finally, Harmony Asset Management LLC increased its stake in Invesco by 1.4% during the 1st quarter. Harmony Asset Management LLC now owns 72,410 shares of the asset manager's stock valued at $1,098,000 after buying an additional 1,010 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Up 1.2%

Shares of IVZ traded up $0.27 during midday trading on Thursday, hitting $21.97. The stock had a trading volume of 2,590,378 shares, compared to its average volume of 3,745,740. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $22.25. The business has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $16.60. The firm has a market cap of $9.80 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88.

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

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco's dividend payout ratio is 90.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $16.00 target price (up previously from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Barclays raised their price objective on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.50 to $18.00 in a research report on Friday, July 11th. The Goldman Sachs Group raised their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Finally, TD Cowen upgraded shares of 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 report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.78.

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.