Invesco Ltd. $IVZ Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its holdings in Invesco Ltd. by 46.8%, now owning 129,099 shares valued at approximately $1.96 million after selling 113,435 shares in the first quarter.
• Multiple institutional investors are increasing their stakes in Invesco, with Federated Hermes Inc. boosting its position by 186.6% during the same period.
• Invesco has recently faced mixed analyst ratings, with Wells Fargo upgrading it to "equal weight" and TD Cowen upgrading it to "buy," while the current average rating remains a "Hold" with a target price of $18.78.

Venture Visionary Partners LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 46.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,099 shares of the asset manager's stock after selling 113,435 shares during the quarter. Venture Visionary Partners LLC's holdings in Invesco were worth $1,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in shares of Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,282 shares during the period. Colonial Trust Co SC purchased a new stake in Invesco during the fourth quarter worth about $38,000. Summit Securities Group LLC acquired a new position in Invesco during the first quarter worth about $41,000. Versant Capital Management Inc increased its holdings in Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after buying an additional 2,234 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Invesco during the 1st quarter valued at approximately $49,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Up 0.7%

NYSE:IVZ traded up $0.1550 on Monday, reaching $21.7050. The stock had a trading volume of 923,724 shares, compared to its average volume of 5,585,090. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $21.85. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.22 and a beta of 1.55. The firm's fifty day moving average is $18.66 and its two-hundred day moving average is $16.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30.

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

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio is currently 90.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IVZ shares. The Goldman Sachs Group upped 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 raised Invesco from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Barclays upped their target price on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, July 23rd. Zacks Research upgraded Invesco to a "hold" rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley boosted their price objective 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. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.78.

About Invesco

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.