Invesco Ltd. (NYSE:IVZ) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,739 shares of the asset manager’s stock after selling 10,314 shares during the period. Wright Investors Service Inc.’s holdings in Invesco were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Family Firm Inc. purchased a new position in Invesco during the 2nd quarter valued at about $28,000. Sentry Investment Management LLC acquired a new position in shares of Invesco in the second quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Invesco in the fourth quarter valued at approximately $37,000. Fidelis Capital Partners LLC acquired a new stake in Invesco during the 1st quarter worth approximately $52,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Evercore ISI upped their price target on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. Barclays started coverage on Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price target on the stock. The Goldman Sachs Group lowered their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company began coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $17.08.

Invesco Stock Up 1.5 %

NYSE:IVZ traded up $0.27 during midday trading on Friday, hitting $17.74. 3,215,328 shares of the company were exchanged, compared to its average volume of 4,261,414. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The company has a market capitalization of $7.98 billion, a PE ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $16.69 and a 200 day simple moving average of $15.96.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was 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.