Fmr LLC Sells 3,005 Shares of Invesco Ltd. (NYSE:IVZ)

Fmr LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 0.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,626 shares of the asset manager’s stock after selling 3,005 shares during the period. Fmr LLC owned about 0.11% of Invesco worth $8,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in shares of Invesco during the third quarter worth $76,000. Fisher Asset Management LLC increased its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Invesco by 14.8% during the third quarter. Daiwa Securities Group Inc. now owns 20,756 shares of the asset manager’s stock valued at $364,000 after buying an additional 2,669 shares during the last quarter. Algert Global LLC grew its holdings in shares of Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after buying an additional 444,470 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Invesco by 35.8% during the third quarter. Cerity Partners LLC now owns 722,263 shares of the asset manager’s stock valued at $12,683,000 after buying an additional 190,234 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IVZ. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Barclays increased their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Trading Down 0.2 %

IVZ stock opened at $18.41 on Thursday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $18.94. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -20.01, a PEG ratio of 1.03 and a beta of 1.43. The business’s 50-day moving average is $17.88 and its 200 day moving average is $16.72.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.35 EPS. Invesco’s revenue was down 20.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is -89.13%.

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.