National Bank of Canada FI Has $5.21 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

National Bank of Canada FI cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,627 shares of the asset manager's stock after selling 184,024 shares during the period. National Bank of Canada FI owned about 0.08% of Invesco worth $5,213,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Citigroup Inc. boosted its position in Invesco by 93.4% during the 1st quarter. Citigroup Inc. now owns 439,250 shares of the asset manager's stock worth $6,663,000 after buying an additional 212,181 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Invesco by 36.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,190 shares of the asset manager's stock worth $6,951,000 after purchasing an additional 123,239 shares during the period. Keynote Financial Services LLC acquired a new position in shares of Invesco in the 1st quarter worth approximately $183,000. Charles Schwab Investment Management Inc. lifted its position in shares of Invesco by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock worth $67,551,000 after purchasing an additional 29,613 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in shares of Invesco in the 1st quarter worth approximately $276,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $21.52 on Thursday. The firm has a market capitalization of $9.60 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.55. The firm has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $16.29. 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 Ltd. has a 12 month low of $11.60 and a 12 month high of $21.85.

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

Invesco Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Invesco's dividend payout ratio is presently 90.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $16.00 price target (up previously from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Barclays boosted their price target on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley boosted their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and boosted their target price for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Invesco has a consensus rating of "Hold" and an average price target of $18.78.

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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