Lazard Asset Management LLC Sells 64,427 Shares of Invesco Ltd. (NYSE:IVZ)

Lazard Asset Management LLC trimmed its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,637 shares of the asset manager's stock after selling 64,427 shares during the period. Lazard Asset Management LLC's holdings in Invesco were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Vanguard Group Inc. boosted its holdings in shares of Invesco by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after acquiring an additional 419,389 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Invesco by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after acquiring an additional 274,134 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after acquiring an additional 2,264,551 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Invesco by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after acquiring an additional 31,854 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 0.7%

NYSE IVZ opened at $15.33 on Tuesday. The stock's 50-day simple moving average is $14.30 and its two-hundred day simple moving average is $16.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $0.33 earnings per share. Research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. Invesco's dividend payout ratio (DPR) is presently 67.20%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of analyst reports. Argus raised their price target on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. UBS Group raised their price target on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Morgan Stanley lowered their price objective on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup lowered their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.25.

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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