AE Wealth Management LLC Sells 10,379 Shares of Invesco Ltd. (NYSE:IVZ)

AE Wealth Management LLC reduced its stake in Invesco Ltd. (NYSE:IVZ) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 616,645 shares of the asset manager’s stock after selling 10,379 shares during the period. AE Wealth Management LLC owned approximately 0.14% of Invesco worth $9,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new stake in Invesco in the second quarter valued at $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the 2nd quarter valued at $30,000. Quarry LP bought a new stake in shares of Invesco in the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC increased its position in shares of Invesco by 182.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in Invesco during the 1st quarter valued at about $52,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research analyst reports. Barclays began coverage on shares of Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group decreased their price target on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company started coverage on Invesco in a report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price target for the company. Royal Bank of Canada boosted their price objective on Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and an average target price of $16.98.

Invesco Stock Performance

Shares of Invesco stock opened at $17.17 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of -22.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.28. The stock’s 50-day moving average is $16.48 and its 200-day moving average is $15.81.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Equities analysts predict that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were given a dividend of $0.205 per share. The ex-dividend date was Friday, August 16th. This represents a $0.82 annualized dividend and a yield of 4.78%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.