Wealthcare Capital Management LLC Lowers Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Wealthcare Capital Management LLC trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 597,545 shares of the asset manager's stock after selling 33,000 shares during the period. Invesco makes up about 0.9% of Wealthcare Capital Management LLC's portfolio, making the stock its 12th biggest position. Wealthcare Capital Management LLC owned about 0.13% of Invesco worth $9,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Wealthcare Advisory Partners LLC increased its holdings in shares of Invesco by 7.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 37,099 shares of the asset manager's stock valued at $563,000 after purchasing an additional 2,564 shares in the last quarter. International Private Wealth Advisors LLC raised its position in shares of Invesco by 9.1% in the first quarter. International Private Wealth Advisors LLC now owns 17,665 shares of the asset manager's stock worth $268,000 after acquiring an additional 1,472 shares during the period. Tounjian Advisory Partners LLC purchased a new stake in shares of Invesco during the 1st quarter worth about $953,000. Pallas Capital Advisors LLC grew its position in shares of Invesco by 5.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 52,651 shares of the asset manager's stock valued at $799,000 after acquiring an additional 2,828 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Invesco by 16.1% during the 1st quarter. Farther Finance Advisors LLC now owns 24,866 shares of the asset manager's stock valued at $378,000 after acquiring an additional 3,449 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock traded down $0.44 during mid-day trading on Friday, hitting $14.52. 5,120,727 shares of the stock were exchanged, compared to its average volume of 4,368,173. The stock's fifty day simple moving average is $14.19 and its two-hundred day simple moving average is $16.08. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.98 and a beta of 1.49. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.79%. Invesco's payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IVZ. Bank of America dropped their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Barclays lifted their price objective on Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. Finally, Evercore ISI lifted their price objective on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Invesco has an average rating of "Hold" and a consensus target price of $17.38.

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.