Invesco Ltd. (NYSE:IVZ) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 48.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,046 shares of the asset manager’s stock after selling 20,505 shares during the quarter. Corient Private Wealth LLC’s holdings in Invesco were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Invesco in the 4th quarter valued at about $735,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Invesco during the 4th quarter worth approximately $424,000. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the third quarter worth approximately $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $867,000 after buying an additional 14,489 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of NYSE:IVZ opened at $15.20 on Monday. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a 50-day moving average price of $17.14 and a 200 day moving average price of $17.44. The company has a market cap of $6.80 billion, a P/E ratio of 12.88, a PEG ratio of 0.98 and a beta of 1.43. The company has a quick ratio of 4.91, a current 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 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%. Research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IVZ shares. Wells Fargo & Company raised their target price on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Argus increased their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their price target on Invesco from $19.00 to $20.75 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Company 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.