Daiwa Securities Group Inc. Sells 18,947 Shares of Invesco Ltd. (NYSE:IVZ)

Daiwa Securities Group Inc. trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ) by 61.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,046 shares of the asset manager’s stock after selling 18,947 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Invesco were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of IVZ. Orion Capital Management LLC acquired a new position in shares of Invesco during the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. raised its holdings in shares of Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after buying an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Invesco during the 3rd quarter worth $32,000. Sentry Investment Management LLC acquired a new position in shares of Invesco during the 3rd quarter worth $36,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Invesco during the 3rd quarter worth $41,000. 66.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IVZ shares. TD Cowen lowered their price target on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a report on Wednesday. UBS Group lowered their target price on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet cut Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.79.

Invesco Trading Up 1.1 %

NYSE IVZ opened at $14.67 on Friday. The business’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $15.45. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The firm has a market capitalization of $6.59 billion, a PE ratio of -19.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is -106.67%.

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.