TD Asset Management Inc Sells 26,390 Shares of Invesco Ltd. (NYSE:IVZ)

TD Asset Management Inc lowered its position in shares of Invesco Ltd. (NYSE:IVZFree Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,692 shares of the asset manager’s stock after selling 26,390 shares during the period. TD Asset Management Inc’s holdings in Invesco were worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. United Services Automobile Association purchased a new position in shares of Invesco during the 4th quarter worth $288,000. Parallel Advisors LLC increased its holdings in shares of Invesco by 40.2% in the 4th quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock worth $60,000 after buying an additional 959 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Invesco by 24.1% during the 4th quarter. Hsbc Holdings PLC now owns 929,376 shares of the asset manager’s stock worth $16,640,000 after purchasing an additional 180,239 shares during the period. Commerce Bank boosted its stake in shares of Invesco by 201.2% during the 4th quarter. Commerce Bank now owns 38,787 shares of the asset manager’s stock worth $692,000 after purchasing an additional 25,909 shares during the period. Finally, WBI Investments LLC boosted its stake in shares of Invesco by 1,162.6% during the 4th quarter. WBI Investments LLC now owns 140,973 shares of the asset manager’s stock worth $2,515,000 after purchasing an additional 129,808 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on IVZ. The Goldman Sachs Group lowered their price objective on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. TheStreet lowered shares of Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. cut their price objective on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Morgan Stanley increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.79.

View Our Latest Stock Analysis on IVZ

Invesco Price Performance

Shares of NYSE IVZ opened at $15.03 on Monday. The firm has a 50-day simple moving average of $15.50 and a 200-day simple moving average of $15.91. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of -20.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71.

Invesco (NYSE:IVZGet Free Report) last issued its 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 7.84%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.38 earnings per share. Invesco’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a dividend of $0.205 per share. This is a boost from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.46%. The ex-dividend date was Monday, May 13th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Invesco Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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