Invesco Ltd. $IVZ Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Invesco Ltd. by 41.7% during the first quarter, now owning approximately 0.12% of the company valued at $8.17 million.
• Analysts have recently set mixed ratings on Invesco, with a consensus target price of $18.78, indicating a general outlook of "Hold" due to various upgrades and rating changes.
• Invesco announced a quarterly dividend of $0.21 per share, representing an annualized yield of 3.9%, with a payout ratio of 90.32%.

Hsbc Holdings PLC decreased its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 41.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 542,110 shares of the asset manager's stock after selling 387,401 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Invesco worth $8,167,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IVZ. Federated Hermes Inc. lifted its holdings in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after acquiring an additional 1,282 shares during the period. Colonial Trust Co SC purchased a new position in shares of Invesco during the 4th quarter valued at approximately $38,000. Summit Securities Group LLC purchased a new position in shares of Invesco during the 1st quarter valued at approximately $41,000. Versant Capital Management Inc lifted its stake in shares of Invesco by 264.1% in the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after purchasing an additional 2,234 shares during the period. Finally, Curat Global LLC purchased a new stake in Invesco during the first quarter worth $49,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and raised their target price for the company from $17.50 to $25.00 in a research report on Monday, July 21st. The Goldman Sachs Group upped their price target on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 price target (up previously from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Finally, Zacks Research upgraded Invesco to a "hold" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Invesco currently has an average rating of "Hold" and a consensus target price of $18.78.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $21.5350 on Monday. 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's 50 day moving average price is $18.66 and its 200-day moving average price is $16.37. The firm has a market capitalization of $9.60 billion, a PE ratio of 23.16, a P/E/G ratio of 1.22 and a beta of 1.55. 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 posted its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio (DPR) is currently 90.32%.

Invesco 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.

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