Wesleyan Assurance Society Cuts Position in Invesco Ltd. (NYSE:IVZ)

Wesleyan Assurance Society trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,873 shares of the asset manager's stock after selling 31,364 shares during the quarter. Wesleyan Assurance Society owned 0.08% of Invesco worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after buying an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares during the last quarter. Geode Capital Management LLC grew its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares during the last quarter. AQR Capital Management LLC grew its stake in Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after buying an additional 31,854 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on IVZ shares. Argus boosted their target price on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Citigroup dropped their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Barclays boosted their target price on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $17.25.

Invesco Stock Performance

Shares of IVZ stock opened at $15.33 on Tuesday. The stock has a market cap of $6.86 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The business has a 50-day simple moving average of $14.30 and a 200-day simple moving average of $16.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55.

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

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is 67.20%.

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.

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