Invesco Ltd. (NYSE:IVZ) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,102 shares of the asset manager’s stock after selling 7,241 shares during the quarter. Aviance Capital Partners LLC’s holdings in Invesco were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in Invesco by 276.8% during the third quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager’s stock worth $1,187,000 after purchasing an additional 60,057 shares during the period. Oak Thistle LLC purchased a new position in shares of Invesco during the fourth quarter worth $1,166,000. Northern Trust Corp raised its holdings in shares of Invesco by 30.7% in the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after buying an additional 1,395,023 shares during the period. Alexander Randolph Advisory Inc. purchased a new position in shares of Invesco in the fourth quarter valued at approximately $2,496,000. Finally, Raymond James & Associates boosted its position in Invesco by 4.5% in the 3rd quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock valued at $957,000 after buying an additional 2,846 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of Invesco stock traded down $0.07 on Tuesday, hitting $14.88. The company’s stock had a trading volume of 2,884,796 shares, compared to its average volume of 4,737,665. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $15.58 and a 200-day moving average price of $15.52. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a market capitalization of $6.68 billion, a P/E ratio of -19.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.51%. This is a boost from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s payout ratio is -106.67%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IVZ shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Morgan Stanley boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. TD Cowen cut their price target on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Wells Fargo & Company decreased their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $17.00 price objective (down previously from $18.00) on shares of Invesco in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.79.

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.