Voya Investment Management LLC Sells 67,618 Shares of Invesco Ltd. (NYSE:IVZ)

Voya Investment Management LLC trimmed its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,786 shares of the asset manager's stock after selling 67,618 shares during the period. Voya Investment Management LLC's holdings in Invesco were worth $2,076,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IVZ. Barclays PLC lifted its stake in shares of Invesco by 1.5% during the third quarter. Barclays PLC now owns 2,364,174 shares of the asset manager's stock worth $41,516,000 after purchasing an additional 35,031 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco during the 3rd quarter worth approximately $35,000. Franklin Resources Inc. boosted its holdings in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager's stock worth $2,265,000 after acquiring an additional 73,671 shares during the period. Principal Financial Group Inc. grew its position in Invesco by 3.3% in the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager's stock valued at $8,988,000 after acquiring an additional 16,473 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Invesco by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,097,568 shares of the asset manager's stock valued at $19,273,000 after purchasing an additional 8,097 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE:IVZ traded down $0.15 during midday trading on Tuesday, reaching $14.18. The stock had a trading volume of 4,933,392 shares, compared to its average volume of 4,289,466. The stock has a market capitalization of $6.35 billion, a P/E ratio of 12.02, a PEG 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 Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The firm's fifty day simple moving average is $14.43 and its 200-day simple moving average is $16.66.

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

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.92%. 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. Invesco's dividend payout ratio is presently 67.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IVZ shares. Evercore ISI raised their price objective on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Barclays increased their price target on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada assumed coverage on Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Invesco currently has a consensus rating of "Hold" and an average price target of $17.25.

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.