Private Advisor Group LLC Sells 8,745 Shares of Invesco Ltd. (NYSE:IVZ)

Private Advisor Group LLC trimmed its position in Invesco Ltd. (NYSE:IVZ) by 29.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,036 shares of the asset manager’s stock after selling 8,745 shares during the period. Private Advisor Group LLC’s holdings in Invesco were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the 3rd quarter valued at about $1,428,196,000. State Street Corp increased its position in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after acquiring an additional 151,408 shares during the last quarter. Geode Capital Management LLC boosted its position in Invesco by 0.9% in the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after purchasing an additional 93,126 shares during the last quarter. Fisher Asset Management LLC increased its position 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 valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after buying an additional 45,891 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Argus raised their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and an average price target of $19.94.

Invesco Trading Down 4.6 %

NYSE:IVZ opened at $15.99 on Wednesday. The company has a 50-day moving average price of $17.77 and a 200-day moving average price of $17.58. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.