Valueworks LLC Decreases Position in Invesco Ltd. $IVZ

Key Points

• Valueworks LLC has reduced its stake in Invesco Ltd. by 51.9%, holding 99,826 shares worth approximately $1.51 million as per its latest SEC filing.
• Several other institutional investors have also increased their positions in Invesco, with notable boosts from Marshall Wace LLP (up 236.2%) and NewEdge Advisors LLC (up 7,119%) during the fourth quarter.
• Invesco's stock price opened at $21.54 and has reported a dividend yield of 3.9%, with the next dividend payment of $0.21 per share scheduled for September 2nd.

Valueworks LLC reduced its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,826 shares of the asset manager's stock after selling 107,565 shares during the period. Valueworks LLC's holdings in Invesco were worth $1,514,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IVZ. AQR Capital Management LLC grew its holdings in Invesco by 38.5% during the 4th 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. Nuveen LLC acquired a new stake in Invesco during the 1st quarter worth about $29,138,000. Deutsche Bank AG grew its holdings in Invesco by 58.6% during the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock worth $58,289,000 after acquiring an additional 1,232,359 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Invesco during the 1st quarter worth about $14,433,000. Finally, Principal Financial Group Inc. grew its holdings in Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after acquiring an additional 894,105 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of Invesco stock traded up $0.15 during mid-day trading on Wednesday, hitting $22.08. 4,823,433 shares of the stock were exchanged, compared to its average volume of 5,585,597. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $22.25. The company has a 50-day simple moving average of $18.95 and a 200 day simple moving average of $16.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $9.85 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.22 and a beta of 1.55.

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

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Invesco's dividend payout ratio (DPR) is presently 90.32%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley raised their price target on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and raised their price target for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Finally, The Goldman Sachs Group raised their price target on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.