US Bancorp DE Sells 2,644 Shares of Invesco Ltd. (NYSE:IVZ)

US Bancorp DE cut its stake in Invesco Ltd. (NYSE:IVZ) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,818 shares of the asset manager’s stock after selling 2,644 shares during the quarter. US Bancorp DE’s holdings in Invesco were worth $224,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the 3rd quarter valued at about $35,000. Crews Bank & Trust purchased a new stake in Invesco during the 4th quarter valued at about $44,000. Truvestments Capital LLC purchased a new stake in Invesco during the 3rd quarter valued at about $76,000. Finally, True Wealth Design LLC purchased a new stake in Invesco during the 3rd quarter valued at about $77,000. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on IVZ shares. BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Performance

NYSE IVZ opened at $15.32 on Friday. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The company has a market cap of $6.86 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a 50-day moving average of $17.42 and a two-hundred day moving average of $17.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, analysts anticipate 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. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.