KBC Group NV Sells 22,327 Shares of Invesco Ltd. (NYSE:IVZ)

KBC Group NV lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 24.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 67,672 shares of the asset manager's stock after selling 22,327 shares during the quarter. KBC Group NV's holdings in Invesco were worth $1,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Colonial Trust Co SC acquired a new position in shares of Invesco in the 4th quarter worth approximately $38,000. Aster Capital Management DIFC Ltd raised its position in Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Invesco during the fourth quarter worth $52,000. Versant Capital Management Inc boosted its position in Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Curat Global LLC bought a new position in Invesco in the 1st quarter valued at about $49,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IVZ. Morgan Stanley boosted their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday. 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 research note on Friday, June 27th. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. Wells Fargo & Company cut their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays raised their price objective on shares of Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.48.

Invesco Stock Performance

IVZ stock traded up $0.17 on Friday, reaching $16.76. 2,855,160 shares of the company were exchanged, compared to its average volume of 4,445,702. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The stock's fifty day moving average price is $14.90 and its 200 day moving average price is $15.80. The firm has a market capitalization of $7.50 billion, a PE ratio of 13.41, a PEG ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.37.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 13.14% and a return on equity of 8.94%. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.01%. Invesco's dividend payout ratio is 67.20%.

About Invesco

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.