Redwood Investment Management LLC Reduces Holdings in Invesco Ltd. (NYSE:IVZ)

Redwood Investment Management LLC cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,486 shares of the asset manager's stock after selling 26,688 shares during the quarter. Redwood Investment Management LLC's holdings in Invesco were worth $2,368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IVZ. Colonial Trust Co SC purchased a new stake in Invesco in the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd grew its stake in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust purchased a new stake in Invesco in the 4th quarter worth about $44,000. Resona Asset Management Co. Ltd. purchased a new stake in Invesco in the 4th quarter worth about $52,000. Finally, Assetmark Inc. raised its stake in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IVZ shares. Argus increased their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Citigroup dropped their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, 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. One investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.25.

Invesco Price Performance

NYSE IVZ traded down $0.08 during trading on Tuesday, reaching $15.26. The company's stock had a trading volume of 1,791,053 shares, compared to its average volume of 5,268,878. The firm has a fifty day moving average of $14.30 and a 200 day moving average of $16.49. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The stock has a market capitalization of $6.83 billion, a PE ratio of 12.93, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 earned $0.33 earnings per share. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared 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 is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.51%. Invesco's dividend payout ratio is presently 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.