Janus Henderson Group PLC Lowers Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Janus Henderson Group PLC reduced its holdings in Invesco Ltd. (NYSE:IVZ) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,074 shares of the asset manager’s stock after selling 5,870 shares during the period. Janus Henderson Group PLC’s holdings in Invesco were worth $2,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after acquiring an additional 419,389 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Invesco by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after purchasing an additional 274,134 shares during the period. Geode Capital Management LLC grew its position in shares of Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock valued at $181,281,000 after purchasing an additional 134,726 shares during the period. AQR Capital Management LLC increased its stake in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after purchasing an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock worth $111,526,000 after purchasing an additional 31,854 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Down 1.2%

Shares of NYSE IVZ opened at $15.14 on Wednesday. The company has a market capitalization of $6.78 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The company has a 50 day simple moving average of $14.30 and a 200-day simple moving average of $16.48. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.33 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.55%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco’s dividend payout ratio (DPR) is presently 67.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Bank of America reduced their price objective on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley decreased their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Finally, Evercore ISI upped their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $17.25.

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.