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

Savant Capital LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 9.9% in the second quarter, HoldingsChannel.com reports. The firm owned 70,592 shares of the asset manager’s stock after selling 7,785 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $1,056,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new position in Invesco in the 2nd quarter worth about $28,000. Quarry LP acquired a new position in shares of Invesco during the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of Invesco by 182.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 1,589 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Invesco during the first quarter valued at approximately $52,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Invesco by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 766 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IVZ. Evercore ISI increased their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Deutsche Bank Aktiengesellschaft increased their price target on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. The Goldman Sachs Group cut their price target on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada increased their price target on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Invesco Trading Down 0.4 %

IVZ opened at $15.87 on Wednesday. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28. The business has a fifty day simple moving average of $16.33 and a 200-day simple moving average of $15.77. The firm has a market cap of $7.14 billion, a P/E ratio of -21.15, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were given a dividend of $0.205 per share. The ex-dividend date was Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 5.17%. Invesco’s dividend payout ratio is currently -109.33%.

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.