Lbp Am Sa Reduces Stock Holdings in Invesco Ltd. (NYSE:IVZ)

LBP AM SA cut its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 395,855 shares of the asset manager's stock after selling 17,263 shares during the period. LBP AM SA owned about 0.09% of Invesco worth $6,005,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new position in Invesco in the fourth quarter valued at $38,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Invesco by 180.5% in the 4th 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 during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco in the 4th quarter valued at about $52,000. Versant Capital Management Inc grew its stake in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after buying an additional 2,234 shares during the last quarter. Finally, Curat Global LLC acquired a new position in Invesco during the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IVZ. Evercore ISI lifted their target price on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group raised 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. Wells Fargo & Company lowered their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays raised their price target on Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Invesco currently has an average rating of "Hold" and a consensus price target of $17.28.

Invesco Price Performance

IVZ traded up $0.48 on Thursday, hitting $17.43. 5,242,522 shares of the company were exchanged, compared to its average volume of 4,468,084. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $7.80 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.48. The business's fifty day moving average is $15.08 and its 200 day moving average is $15.81.

Invesco (NYSE:IVZ - Get Free Report) last announced 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. Invesco had a return on equity of 8.94% and a net margin of 13.14%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were given a $0.21 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.82%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.

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.