Invesco Ltd. (NYSE:IVZ) Stake Reduced by Brooklyn Investment Group

Brooklyn Investment Group trimmed its stake in Invesco Ltd. (NYSE:IVZ) by 14.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,665 shares of the asset manager’s stock after selling 790 shares during the quarter. Brooklyn Investment Group’s holdings in Invesco were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IVZ. Avior Wealth Management LLC lifted its position in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the third quarter valued at approximately $35,000. Allworth Financial LP boosted its position in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the period. Truvestments Capital LLC bought a new position in Invesco in the 3rd quarter worth approximately $76,000. Finally, True Wealth Design LLC acquired a new stake in Invesco in the 3rd quarter valued at approximately $77,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

IVZ has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their target price on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group decreased their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $18.71.

Invesco Trading Up 2.0 %

Shares of IVZ opened at $17.20 on Monday. 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 1-year low of $14.16 and a 1-year high of $18.94. The stock has a market capitalization of $7.73 billion, a P/E ratio of -18.70, a P/E/G ratio of 0.79 and a beta of 1.43. The business’s 50-day moving average price is $17.63 and its 200 day moving average price is $17.16.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was down 20.8% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were given a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.77%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.