Kestra Private Wealth Services LLC Has $374,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Kestra Private Wealth Services LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 13.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,203 shares of the asset manager’s stock after selling 2,480 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Invesco were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its stake in shares of Invesco by 41.5% during the 1st quarter. Neuberger Berman Group LLC now owns 31,748 shares of the asset manager’s stock worth $735,000 after buying an additional 9,306 shares during the last quarter. Toroso Investments LLC lifted its stake in shares of Invesco by 9.5% during the 1st quarter. Toroso Investments LLC now owns 13,510 shares of the asset manager’s stock worth $312,000 after buying an additional 1,177 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Invesco during the 1st quarter worth about $2,101,000. Beacon Pointe Advisors LLC raised its stake in Invesco by 40.2% in the 1st quarter. Beacon Pointe Advisors LLC now owns 20,557 shares of the asset manager’s stock worth $474,000 after purchasing an additional 5,890 shares in the last quarter. Finally, Eaton Vance Management raised its stake in Invesco by 206.6% in the 1st quarter. Eaton Vance Management now owns 224,358 shares of the asset manager’s stock worth $5,173,000 after purchasing an additional 151,190 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Invesco from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, June 28th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $22.00 to $20.00 in a research note on Monday, July 18th. StockNews.com cut shares of Invesco from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. BMO Capital Markets cut shares of Invesco from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $25.00 to $20.00 in a research note on Monday, June 13th. Finally, The Goldman Sachs Group dropped their target price on shares of Invesco from $21.50 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average price target of $20.68.

Invesco Trading Down 2.9 %

Shares of Invesco stock opened at $16.37 on Wednesday. The firm has a market capitalization of $7.45 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $17.28 and its 200 day moving average is $18.51. Invesco Ltd. has a 1 year low of $15.20 and a 1 year high of $26.82.

Invesco (NYSE:IVZGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.20). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Invesco had a net margin of 19.67% and a return on equity of 12.05%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.94 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were issued a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Thursday, August 11th. Invesco’s dividend payout ratio (DPR) is presently 32.33%.

About Invesco

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.