DekaBank Deutsche Girozentrale Has $152,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

DekaBank Deutsche Girozentrale cut its position in Invesco Ltd. (NYSE:IVZ) by 84.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,461 shares of the asset manager’s stock after selling 46,200 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Invesco were worth $152,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of Invesco by 16.8% in the 1st quarter. Raymond James & Associates now owns 102,118 shares of the asset manager’s stock worth $2,355,000 after acquiring an additional 14,711 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Invesco by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,665 shares of the asset manager’s stock worth $1,053,000 after purchasing an additional 2,827 shares in the last quarter. Blair William & Co. IL boosted its stake in Invesco by 5.3% in the first quarter. Blair William & Co. IL now owns 64,802 shares of the asset manager’s stock worth $1,494,000 after purchasing an additional 3,241 shares in the last quarter. Aviva PLC increased its stake in shares of Invesco by 85.7% in the first quarter. Aviva PLC now owns 47,718 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 22,027 shares in the last quarter. Finally, Prudential PLC bought a new position in shares of Invesco in the first quarter valued at about $273,000. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 0.1 %

NYSE IVZ opened at $15.18 on Wednesday. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The stock has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $15.40. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $6.82 billion, a PE ratio of -20.51, a P/E/G ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. Invesco’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Research analysts forecast that Invesco Ltd. will post 1.73 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced 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 5.27%. Invesco’s dividend payout ratio (DPR) is presently -108.11%.

Analyst Ratings Changes

Several equities research analysts have weighed in on IVZ shares. Morgan Stanley lowered their price objective on shares of Invesco from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company lowered their price target on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. TheStreet lowered Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. The Goldman Sachs Group lowered their target price on Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.38.

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.