Invesco Ltd. (NYSE:IVZ) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC cut its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,075 shares of the asset manager’s stock after selling 876 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Invesco were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in Invesco in the second quarter valued at $28,000. Sentry Investment Management LLC acquired a new stake in Invesco during the 2nd quarter worth $30,000. Allworth Financial LP lifted its position in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Invesco during the second quarter worth about $61,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of IVZ stock traded down $0.07 during mid-day trading on Thursday, reaching $17.58. The stock had a trading volume of 452,788 shares, compared to its average volume of 4,192,437. The company has a market cap of $7.90 billion, a P/E ratio of -19.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. 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 $13.53 and a 12-month high of $18.94. The business has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $16.36.

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

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.63.

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.