Invesco Ltd. (NYSE:IVZ) Stock Holdings Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,150 shares of the asset manager’s stock after selling 2,422 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco were worth $1,663,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Invesco by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after buying an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Invesco in the 4th quarter valued at approximately $735,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Invesco during the 4th quarter valued at approximately $424,000. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco during the third quarter worth $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 2.3 %

IVZ stock opened at $15.20 on Friday. The firm’s 50-day moving average is $17.14 and its two-hundred day moving average is $17.41. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. 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 announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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, analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s payout ratio is currently 69.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. UBS Group lifted their target price on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Argus increased their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their target price on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One equities 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’s stock. Based on data from MarketBeat, Invesco currently 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.