M&T Bank Corp Sells 1,863 Shares of Invesco Ltd. (NYSE:IVZ)

M&T Bank Corp reduced its position in Invesco Ltd. (NYSE:IVZ) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,345 shares of the asset manager’s stock after selling 1,863 shares during the quarter. M&T Bank Corp’s holdings in Invesco were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of Invesco by 2.0% during the third 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Invesco in the fourth quarter worth about $735,000. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the third quarter worth about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after purchasing an additional 14,489 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Up 2.4 %

Shares of 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 business has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $17.49. The firm has a market capitalization of $6.86 billion, a PE ratio of 12.98, a price-to-earnings-growth 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.

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

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. Invesco’s payout ratio is 69.49%.

Wall Street Analyst Weigh In

IVZ has been the topic of several research reports. Barclays lifted their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. BMO Capital Markets boosted their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.94.

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.