abrdn plc Has $537,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

abrdn plc trimmed its position in Invesco Ltd. (NYSE:IVZ) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,714 shares of the asset manager’s stock after selling 3,366 shares during the period. abrdn plc’s holdings in Invesco were worth $537,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco during the 3rd quarter valued at $35,000. Allworth Financial LP increased its stake in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Invesco during the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $76,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

Shares of NYSE IVZ opened at $18.76 on Wednesday. The company has a market cap of $8.43 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.43. The firm’s fifty day moving average is $17.82 and its two-hundred day moving average is $17.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, analysts anticipate that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is currently 69.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IVZ. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. 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. Argus upped their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Evercore ISI lifted their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and a consensus price target 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.