Securian Asset Management Inc. Decreases Holdings in Invesco Ltd. (NYSE:IVZ)

Securian Asset Management Inc. lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,154 shares of the asset manager’s stock after selling 734 shares during the quarter. Securian Asset Management Inc.’s holdings in Invesco were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Invesco during the 4th quarter worth $735,000. Bank of New York Mellon Corp lifted its position in Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after acquiring an additional 113,451 shares during the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco in the third quarter valued at $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Invesco by 41.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after purchasing an additional 14,489 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE:IVZ opened at $15.44 on Tuesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $17.38 and a 200 day moving average price of $17.48. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a market cap of $6.91 billion, a P/E ratio of 13.08, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.31%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IVZ shares. TD Cowen decreased their target price on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their target price on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.94.

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.