Asset Management One Co. Ltd. Has $79,000 Holdings in Invesco Ltd. (NYSE:IVZ)

Asset Management One Co. Ltd. lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 97.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,352 shares of the asset manager’s stock after selling 157,089 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Invesco were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Quilter Plc lifted its holdings in shares of Invesco by 124.7% during the fourth quarter. Quilter Plc now owns 5,045 shares of the asset manager’s stock worth $90,000 after purchasing an additional 2,800 shares during the period. Oak Thistle LLC acquired a new position in shares of Invesco during the fourth quarter worth $1,166,000. Fifth Third Bancorp lifted its holdings in shares of Invesco by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 15,133 shares of the asset manager’s stock worth $270,000 after purchasing an additional 3,664 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco by 16.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,023 shares of the asset manager’s stock worth $393,000 after purchasing an additional 3,111 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Invesco by 10.8% during the fourth quarter. Raymond James & Associates now owns 73,021 shares of the asset manager’s stock worth $1,303,000 after purchasing an additional 7,104 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Down 2.4 %

Invesco stock opened at $15.34 on Monday. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The stock has a market cap of $6.89 billion, a PE ratio of -20.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The firm’s 50-day simple moving average is $15.84 and its 200 day simple moving average is $15.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts predict that Invesco Ltd. will post 1.73 EPS for the current fiscal year.

Invesco Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday. TD Cowen assumed coverage on shares of Invesco in a research note on Thursday, January 4th. They set an “outperform” rating and a $21.00 target price for the company. Keefe, Bruyette & Woods lowered their target price 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. Finally, Morgan Stanley lowered their target price on shares of Invesco from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.38.

About Invesco

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.