Blair William & Co. IL Decreases Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Posted by on May 28th, 2023

Blair William & Co. IL cut its holdings in Invesco Ltd. (NYSE:IVZ – Get Rating) by 46.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,024 shares of the asset manager’s stock after selling 54,517 shares during the quarter. Blair William & Co. IL’s holdings in Invesco were worth $1,134,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. D.A. Davidson & CO. raised its position in Invesco by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 46,490 shares of the asset manager’s stock worth $836,000 after purchasing an additional 5,510 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Invesco by 21.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,189 shares of the asset manager’s stock worth $7,955,000 after buying an additional 78,005 shares during the period. BlackRock Inc. grew its position in shares of Invesco by 9.2% during the 3rd quarter. BlackRock Inc. now owns 43,430,862 shares of the asset manager’s stock worth $595,002,000 after buying an additional 3,642,905 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Invesco during the third quarter valued at $151,000. Finally, Metis Global Partners LLC raised its holdings in shares of Invesco by 54.5% in the fourth quarter. Metis Global Partners LLC now owns 19,131 shares of the asset manager’s stock valued at $344,000 after acquiring an additional 6,745 shares in the last quarter. Institutional investors own 69.42% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.88 and a current ratio of 4.88. The business’s 50 day moving average price is $16.02 and its 200 day moving average price is $17.60. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.23 and a beta of 1.34. Invesco Ltd. has a one year low of $13.20 and a one year high of $20.56.

Invesco (NYSE:IVZ – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The asset manager reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Invesco had a net margin of 14.87% and a return on equity of 7.86%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue was down 13.0% compared to the same quarter last year. On average, research analysts predict that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Tuesday, May 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.37%. This is an increase from Invesco’s previous quarterly dividend of $0.19. Invesco’s dividend payout ratio (DPR) is currently 57.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $15.00 to $16.00 in a research note on Wednesday, April 26th. The Goldman Sachs Group lifted their price objective on shares of Invesco from $18.00 to $18.50 and gave the company a “neutral” rating in a research note on Friday, April 14th. Credit Suisse Group raised shares of Invesco from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $14.50 to $15.00 in a report on Wednesday, March 29th. Citigroup initiated coverage on shares of Invesco in a report on Thursday, May 18th. They issued a “neutral” rating and a $16.00 price target on the stock. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $17.55.

About Invesco

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Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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