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 trimmed its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 46.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IVZ. Raymond James Financial Inc. purchased a new position in shares of Invesco in the 4th quarter valued at about $1,979,000. Townsquare Capital LLC purchased a new position in shares of Invesco in the 4th quarter valued at about $234,000. Mariner LLC boosted its stake in shares of Invesco by 20.0% in the 4th quarter. Mariner LLC now owns 97,895 shares of the asset manager's stock valued at $1,711,000 after buying an additional 16,299 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Invesco by 7,119.0% in the 4th quarter. NewEdge Advisors LLC now owns 12,561 shares of the asset manager's stock valued at $220,000 after buying an additional 12,387 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Invesco by 236.2% in the 4th quarter. Marshall Wace LLP now owns 128,968 shares of the asset manager's stock valued at $2,254,000 after buying an additional 90,604 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IVZ shares. The Goldman Sachs Group lifted their price objective on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. Morgan Stanley lifted their price objective on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Zacks Research upgraded Invesco to a "hold" rating in a research note on Tuesday, August 12th. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $16.00 target price (up previously from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Invesco has a consensus rating of "Hold" and a consensus price target of $18.78.

Invesco Stock Up 4.2%

Shares of NYSE IVZ traded up $0.8650 during midday trading on Friday, hitting $21.5350. 3,396,187 shares of the company's stock were exchanged, compared to its average volume of 4,975,368. 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 Ltd. has a twelve month low of $11.60 and a twelve month high of $21.85. The company has a market cap of $9.60 billion, a PE ratio of 23.16, a P/E/G ratio of 1.17 and a beta of 1.55. The firm's fifty day simple moving average is $18.66 and its 200-day simple moving average is $16.40.

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

Invesco Dividend Announcement

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

Invesco Company 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.