Versor Investments LP Sells 46,300 Shares of Invesco Ltd. $IVZ

Key Points

• Versor Investments LP has decreased its stake in Invesco Ltd. by 35.3%, owning 84,800 shares after selling 46,300 shares in the first quarter, which now totals an investment worth approximately $1.286 million.
• Invesco reported earnings of $0.36 per share for the last quarter, missing the expected $0.41, while revenue was slightly above expectations at $1.10 billion.
• The company declared a quarterly dividend of $0.21 per share, with a yield of 4.0%, set to be paid out on September 2nd, and a dividend payout ratio of 90.32%.

Versor Investments LP trimmed its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 35.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 84,800 shares of the asset manager's stock after selling 46,300 shares during the period. Versor Investments LP's holdings in Invesco were worth $1,286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. New York State Teachers Retirement System raised its position in Invesco by 8.5% in the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after purchasing an additional 31,643 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 buying an additional 894,105 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Invesco by 25.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock worth $3,021,000 after buying an additional 40,665 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock worth $296,000 after purchasing an additional 3,778 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock worth $67,551,000 after purchasing an additional 29,613 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of research analyst reports. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and raised their price target for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. The Goldman Sachs Group lifted their price objective on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Morgan Stanley upped 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. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $14.50 to $18.00 in a report on Friday, July 11th. Finally, Royal Bank Of Canada reiterated 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. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, Invesco currently has a consensus rating of "Hold" and an average price target of $18.78.

Invesco Stock Performance

Invesco stock traded up $0.8650 on Friday, reaching $21.5350. 3,392,551 shares of the stock were exchanged, compared to its average volume of 5,614,855. The stock has a market cap of $9.60 billion, a PE ratio of 23.16, a PEG ratio of 1.18 and a beta of 1.55. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.85. The firm has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $16.38.

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 (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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

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

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.