Invesco Ltd. (NYSE:IVZ) Position Lowered by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in Invesco Ltd. by 4.3%, now owning approximately 11.01% of the company, valued at $747 million.
• Invesco recently announced a quarterly dividend of $0.21 per share, which implies an annualized yield of 4.0%.
• The company reported earnings per share (EPS) of $0.36 for the last quarter, missing analyst expectations while revenue increased by 2.2% year-over-year.

Vanguard Group Inc. reduced its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,262,299 shares of the asset manager's stock after selling 2,232,355 shares during the period. Vanguard Group Inc. owned approximately 11.01% of Invesco worth $747,309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after purchasing an additional 1,282 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Invesco in the fourth quarter valued at about $38,000. Versant Capital Management Inc grew its position in Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after acquiring an additional 2,234 shares during the period. Curat Global LLC acquired a new position in Invesco in the first quarter valued at about $49,000. Finally, Assetmark Inc. lifted its stake in Invesco by 57.2% during the first quarter. Assetmark Inc. now owns 5,494 shares of the asset manager's stock worth $83,000 after purchasing an additional 1,998 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Down 1.1%

NYSE IVZ traded down $0.24 during trading hours on Friday, hitting $21.10. 4,019,081 shares of the company's stock were exchanged, compared to its average volume of 5,692,088. 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 firm has a market capitalization of $9.41 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.17 and a beta of 1.55. The business's 50 day moving average is $17.91 and its 200-day moving average is $16.32. 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 released its quarterly earnings data 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 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 analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.0%. Invesco's dividend payout ratio (DPR) is currently 90.32%.

Analyst Ratings Changes

Several brokerages have commented on IVZ. 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. Barclays lifted their price target on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Finally, Morgan Stanley lifted their target price on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.