Altshuler Shaham Ltd Lowers Holdings in Invesco Ltd. (NYSE:IVZ)

Altshuler Shaham Ltd lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,543 shares of the asset manager’s stock after selling 2,356 shares during the period. Altshuler Shaham Ltd’s holdings in Invesco were worth $366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Orion Capital Management LLC acquired a new position in shares of Invesco in the third quarter worth about $25,000. Pinnacle Bancorp Inc. raised its holdings in Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Jones Financial Companies Lllp purchased a new position in Invesco during the third quarter worth approximately $32,000. Sentry Investment Management LLC acquired a new stake in Invesco in the third quarter valued at approximately $36,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Invesco in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 1.5 %

Shares of NYSE IVZ traded up $0.23 during mid-day trading on Thursday, hitting $15.22. The company had a trading volume of 3,431,290 shares, compared to its average volume of 4,700,599. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.71. The company has a market capitalization of $6.84 billion, a PE ratio of -20.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The business’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $15.53.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm 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%. Invesco’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 business posted $0.38 earnings per share. On average, analysts predict that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a $0.205 dividend. The ex-dividend date is Monday, May 13th. This is a boost from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 5.39%. Invesco’s payout ratio is -106.67%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IVZ. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 price target (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. The Goldman Sachs Group reduced their price objective on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.79.

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.