Invesco Ltd. (NYSE:IVZ) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,765 shares of the asset manager’s stock after selling 1,227 shares during the quarter. Yousif Capital Management LLC’s holdings in Invesco were worth $1,150,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IVZ. Fisher Asset Management LLC raised its stake in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the third quarter worth $1,428,196,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares during the period. GSA Capital Partners LLP purchased a new position in Invesco during the third quarter valued at $853,000. Finally, Pacer Advisors Inc. grew its position in shares of Invesco by 7.8% in the fourth quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock valued at $633,000 after purchasing an additional 2,615 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 0.8 %

Shares of IVZ opened at $18.42 on Friday. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The firm has a market capitalization of $8.28 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.06 and a beta of 1.43. The firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $17.44. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts forecast that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.45%. Invesco’s payout ratio is 69.49%.

Analysts Set New Price Targets

Several research analysts recently weighed in on IVZ shares. TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group raised their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.94.

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.