Kapitalo Investimentos Ltda Lowers Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Kapitalo Investimentos Ltda cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 59.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,515 shares of the asset manager’s stock after selling 8,185 shares during the period. Kapitalo Investimentos Ltda’s holdings in Invesco were worth $98,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Invesco during the 4th quarter valued at $59,713,000. PNC Financial Services Group Inc. grew its stake in shares of Invesco by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock valued at $1,353,000 after buying an additional 6,994 shares during the period. ARGA Investment Management LP grew its stake in shares of Invesco by 115.7% during the 4th quarter. ARGA Investment Management LP now owns 107,164 shares of the asset manager’s stock valued at $1,912,000 after buying an additional 57,476 shares during the period. Swiss National Bank purchased a new stake in shares of Invesco during the 4th quarter valued at $11,830,000. Finally, Oak Thistle LLC purchased a new stake in shares of Invesco during the 4th quarter valued at $1,166,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IVZ. The Goldman Sachs Group lowered their price objective on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 price target (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.79.

Invesco Stock Performance

Shares of Invesco stock opened at $14.78 on Thursday. The firm’s 50-day simple moving average is $15.25 and its 200-day simple moving average is $15.95. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.64 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is -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.