Invesco Ltd. (NYSE:IVZ) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in Invesco Ltd. (NYSE:IVZ) by 32.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 531,436 shares of the asset manager’s stock after selling 257,652 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Invesco worth $8,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in Invesco by 6.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,700 shares of the asset manager’s stock valued at $2,219,000 after purchasing an additional 7,858 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Invesco by 5,321.9% in the 1st quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager’s stock valued at $1,416,000 after purchasing an additional 83,767 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in Invesco by 1,171.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 55,527 shares of the asset manager’s stock valued at $921,000 after purchasing an additional 51,160 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Invesco by 33.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the asset manager’s stock valued at $523,000 after purchasing an additional 7,966 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Invesco by 4.4% in the 1st quarter. Edgestream Partners L.P. now owns 47,298 shares of the asset manager’s stock valued at $785,000 after purchasing an additional 2,009 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IVZ shares. Royal Bank of Canada increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Thursday. 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 report on Wednesday, April 17th. 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 report on Wednesday, April 24th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their price target on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and an average price target of $16.90.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.64 during midday trading on Thursday, reaching $17.22. 3,543,702 shares of the company traded hands, compared to its average volume of 4,456,051. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The stock has a 50-day moving average price of $15.47 and a 200 day moving average price of $15.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The company has a market cap of $7.75 billion, a price-to-earnings ratio of -23.03, a PEG ratio of 1.37 and a beta of 1.47.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.37%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

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.