Janney Montgomery Scott LLC Sells 43,400 Shares of Invesco Ltd. (NYSE:IVZ)

Janney Montgomery Scott LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 47.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,200 shares of the asset manager’s stock after selling 43,400 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco were worth $846,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Centennial Wealth Advisory LLC grew its stake in shares of Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after buying an additional 669 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after acquiring an additional 946 shares in the last quarter. Fifth Third Bancorp increased its stake in Invesco by 6.1% during 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. DekaBank Deutsche Girozentrale raised its position in Invesco by 11.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after purchasing an additional 1,010 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Morgan Stanley increased their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Evercore ISI lifted their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Performance

Shares of IVZ stock opened at $17.67 on Friday. Invesco Ltd. has a 12-month low of $13.53 and a 12-month high of $18.94. The business’s fifty day simple moving average is $17.48 and its 200-day simple moving average is $16.40. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.94 billion, a PE ratio of -19.21, a PEG ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.35 earnings per share. The firm’s revenue was down 20.8% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.64%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio is presently -89.13%.

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.