Cetera Investment Advisers Sells 6,032 Shares of Invesco Ltd. (NYSE:IVZ)

Cetera Investment Advisers lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,995 shares of the asset manager’s stock after selling 6,032 shares during the period. Cetera Investment Advisers’ holdings in Invesco were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in shares of Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after acquiring an additional 677 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after acquiring an additional 710 shares during the period. Arizona State Retirement System grew its position in shares of Invesco by 0.8% in the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after acquiring an additional 812 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Invesco by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock valued at $2,677,000 after acquiring an additional 835 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Invesco by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager’s stock valued at $2,808,000 after acquiring an additional 1,010 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of Invesco stock opened at $14.63 on Thursday. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $16.47. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47.

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 net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.33 EPS. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 5.74%. Invesco’s payout ratio is 67.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IVZ. The Goldman Sachs Group lifted their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Argus lifted their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.25.

Invesco 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.