Cetera Investment Advisers Trims Stock Position in Invesco Ltd. (NYSE:IVZ)

Cetera Investment Advisers decreased its stake in Invesco Ltd. (NYSE:IVZ) by 8.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,990 shares of the asset manager’s stock after selling 8,069 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco were worth $1,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the period. Swedbank AB purchased a new position in shares of Invesco in the 1st quarter valued at about $41,475,000. Bank of New York Mellon Corp raised its holdings in Invesco by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock worth $37,241,000 after purchasing an additional 30,016 shares during the period. AQR Capital Management LLC boosted its position in Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock worth $35,274,000 after purchasing an additional 377,786 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Invesco by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after purchasing an additional 58,332 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IVZ. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. The Goldman Sachs Group lifted their price objective on Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a report on Thursday, October 10th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Monday, October 7th. Wells Fargo & Company boosted their price target on Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised their price objective on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.42.

Invesco Price Performance

IVZ stock opened at $18.17 on Thursday. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.28. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of -24.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The business has a fifty day moving average of $16.93 and a two-hundred day moving average of $16.04.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.31 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts anticipate that Invesco Ltd. will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is -109.33%.

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.