Investors Research Corp Sells 2,075 Shares of Invesco Ltd. (NYSE:IVZ)

Investors Research Corp lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,650 shares of the asset manager’s stock after selling 2,075 shares during the quarter. Investors Research Corp’s holdings in Invesco were worth $518,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter valued at about $35,000. Crews Bank & Trust bought a new stake in shares of Invesco in the 4th quarter valued at about $44,000. Assetmark Inc. raised its holdings in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 2,770 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Invesco in the 3rd quarter valued at about $76,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent research reports. Barclays boosted their price target on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. TD Cowen reduced their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Trading Down 5.0 %

Shares of Invesco stock opened at $14.85 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.98 and a beta of 1.43. The firm’s 50 day simple moving average is $17.61 and its two-hundred day simple moving average is $17.55.

Invesco (NYSE:IVZ) last released its quarterly earnings data 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 net margin of 12.77% and a return on equity of 8.18%. Analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

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.