Archford Capital Strategies LLC Reduces Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Archford Capital Strategies LLC trimmed its position in Invesco Ltd. (NYSE:IVZ) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,167 shares of the asset manager’s stock after selling 20,635 shares during the period. Archford Capital Strategies LLC’s holdings in Invesco were worth $399,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IVZ. Bank of America Corp DE boosted its position in Invesco by 67.6% in the second quarter. Bank of America Corp DE now owns 27,756,146 shares of the asset manager’s stock worth $567,890,000 after purchasing an additional 11,199,785 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Invesco by 67.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,727,961 shares of the asset manager’s stock worth $113,972,000 after buying an additional 2,706,950 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Invesco by 16,854.7% in the second quarter. Nuveen Asset Management LLC now owns 1,975,556 shares of the asset manager’s stock worth $40,420,000 after buying an additional 1,963,904 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Invesco by 4,002.2% in the second quarter. Cubist Systematic Strategies LLC now owns 521,466 shares of the asset manager’s stock worth $10,669,000 after buying an additional 508,754 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Invesco by 27.1% in the third quarter. First Trust Advisors LP now owns 1,858,821 shares of the asset manager’s stock worth $31,488,000 after buying an additional 396,078 shares during the period. 66.80% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Citigroup set a $16.50 price objective on Invesco and gave the stock a “hold” rating in a research note on Friday, October 25th. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Wednesday, November 6th. Royal Bank of Canada downgraded Invesco from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $22.00 to $19.00 in a research note on Friday, January 3rd. Barclays reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Invesco in a research note on Wednesday, October 9th. Finally, ValuEngine raised Invesco from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.86.

Shares of IVZ opened at $18.00 on Thursday. The business’s 50 day moving average is $17.65 and its 200 day moving average is $17.45. The company has a market capitalization of $8.12 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. Invesco Ltd. has a 12-month low of $15.15 and a 12-month high of $22.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78.

Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. Equities research analysts predict that Invesco Ltd. will post 2.62 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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