Kestra Private Wealth Services LLC Sells 2,480 Shares of Invesco Ltd. (NYSE:IVZ)

Kestra Private Wealth Services LLC reduced its position in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 13.3% during the first quarter, Holdings Channel reports. The firm owned 16,203 shares of the asset manager’s stock after selling 2,480 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IVZ. Trian Fund Management L.P. lifted its position in shares of Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock valued at $1,404,885,000 after purchasing an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. increased its holdings in Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock worth $1,201,550,000 after buying an additional 6,384,917 shares during the last quarter. BlackRock Inc. increased its holdings in Invesco by 6.4% during the first quarter. BlackRock Inc. now owns 37,980,845 shares of the asset manager’s stock worth $875,838,000 after buying an additional 2,297,862 shares during the last quarter. Millennium Management LLC increased its holdings in Invesco by 96.8% during the fourth quarter. Millennium Management LLC now owns 2,945,207 shares of the asset manager’s stock worth $67,799,000 after buying an additional 1,448,814 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Invesco by 65.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,356,139 shares of the asset manager’s stock worth $54,332,000 after buying an additional 935,205 shares during the last quarter. 83.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Invesco from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $22.00 to $20.00 in a report on Monday, July 18th. StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. Keefe, Bruyette & Woods reduced their target price on shares of Invesco from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.68.

Invesco Price Performance

Shares of NYSE:IVZ opened at $16.37 on Wednesday. The company has a 50 day moving average of $17.28 and a 200 day moving average of $18.51. The stock has a market cap of $7.45 billion, a P/E ratio of 7.06, a P/E/G ratio of 1.38 and a beta of 1.28. Invesco Ltd. has a 12 month low of $15.20 and a 12 month high of $26.82. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.71.

Invesco (NYSE:IVZGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The asset manager reported $0.39 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.20). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Invesco had a net margin of 19.67% and a return on equity of 12.05%. Invesco’s revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.94 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.188 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.75 annualized dividend and a yield of 4.59%. Invesco’s payout ratio is presently 32.33%.

Invesco Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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