Axa S.A. Sells 712,020 Shares of Invesco Ltd. (NYSE:IVZ)

Axa S.A. lessened its position in Invesco Ltd. (NYSE:IVZ) by 94.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,900 shares of the asset manager’s stock after selling 712,020 shares during the quarter. Axa S.A.’s holdings in Invesco were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Centennial Wealth Advisory LLC increased its stake in shares of Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after purchasing an additional 669 shares during the period. Jones Financial Companies Lllp increased its position in Invesco by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after buying an additional 766 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of Invesco by 2.1% during the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after buying an additional 944 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Invesco by 40.2% during the fourth quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock worth $60,000 after buying an additional 959 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock worth $249,000 after acquiring an additional 963 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Down 1.8 %

Shares of NYSE:IVZ opened at $17.25 on Wednesday. The company’s fifty day moving average is $16.65 and its 200-day moving average is $15.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The company has a market capitalization of $7.76 billion, a PE ratio of -23.00, a P/E/G ratio of 1.18 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research 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. Investors of record on Friday, August 16th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.75%. Invesco’s dividend payout ratio is -109.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IVZ shares. Wells Fargo & Company began coverage on shares of Invesco in a report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price objective on the stock. Royal Bank of Canada upped their price target on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.08.

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.