Nisa Investment Advisors LLC Cuts Holdings in Invesco Ltd. (NYSE:IVZ)

Nisa Investment Advisors LLC lessened its stake in Invesco Ltd. (NYSE:IVZ) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,800 shares of the asset manager’s stock after selling 7,990 shares during the period. Nisa Investment Advisors LLC’s holdings in Invesco were worth $2,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Invesco by 86.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,914 shares of the asset manager’s stock worth $2,193,000 after buying an additional 57,076 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Invesco in the 4th quarter worth approximately $296,000. Quilter Plc grew its stake in Invesco by 124.7% in the 4th quarter. Quilter Plc now owns 5,045 shares of the asset manager’s stock worth $90,000 after buying an additional 2,800 shares in the last quarter. Oak Thistle LLC purchased a new position in Invesco in the 4th quarter worth approximately $1,166,000. Finally, Fifth Third Bancorp grew its stake in Invesco by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 15,133 shares of the asset manager’s stock worth $270,000 after buying an additional 3,664 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $15.34 on Friday. The company has a fifty day moving average of $15.84 and a 200 day moving average of $15.37. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts predict that Invesco Ltd. will post 1.74 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were issued a $0.20 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.80 annualized dividend and a yield of 5.22%. Invesco’s dividend payout ratio (DPR) is presently -108.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IVZ. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. The Goldman Sachs Group cut their price objective on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Finally, TD Cowen initiated coverage on shares of Invesco in a research note on Thursday, January 4th. They issued an “outperform” rating and a $21.00 price objective for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Invesco presently has a consensus 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.