Olstein Capital Management L.P. Has $5.77 Million Stake in Invesco Ltd. (NYSE:IVZ)

Olstein Capital Management L.P. lessened its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,020 shares of the asset manager's stock after selling 89,980 shares during the period. Olstein Capital Management L.P. owned about 0.08% of Invesco worth $5,765,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Private Wealth Advisors LLC raised its holdings in shares of Invesco by 9.1% during the first quarter. International Private Wealth Advisors LLC now owns 17,665 shares of the asset manager's stock worth $268,000 after purchasing an additional 1,472 shares during the period. Tounjian Advisory Partners LLC acquired a new stake in Invesco during the first quarter worth about $953,000. Pallas Capital Advisors LLC lifted its holdings in Invesco by 5.7% in the first quarter. Pallas Capital Advisors LLC now owns 52,651 shares of the asset manager's stock worth $799,000 after acquiring an additional 2,828 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Invesco by 16.1% in the first quarter. Farther Finance Advisors LLC now owns 24,866 shares of the asset manager's stock worth $378,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Curat Global LLC acquired a new position in Invesco in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

IVZ has been the subject of a number of analyst reports. Citigroup reduced their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Evercore ISI boosted their price target 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. TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. Bank of America reduced their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, 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 note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.38.

Invesco Price Performance

Shares of NYSE IVZ traded down $0.12 during mid-day trading on Thursday, reaching $14.95. The company had a trading volume of 5,505,682 shares, compared to its average volume of 4,379,121. The company has a 50-day moving average price of $14.09 and a two-hundred day moving average price of $16.13. The stock has a market cap of $6.69 billion, a PE ratio of 12.67, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business posted $0.33 EPS. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is 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.