Invesco Ltd. (NYSE:IVZ) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 38.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,407 shares of the asset manager’s stock after selling 17,197 shares during the quarter. US Bancorp DE’s holdings in Invesco were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco in the second quarter valued at approximately $32,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the second quarter valued at approximately $36,000. First Horizon Advisors Inc. increased its stake in shares of Invesco by 264.2% in the second quarter. First Horizon Advisors Inc. now owns 2,684 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 1,947 shares during the period. Riverview Trust Co acquired a new stake in shares of Invesco in the second quarter valued at approximately $48,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Invesco by 99.7% in the second quarter. Quadrant Capital Group LLC now owns 3,289 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 1,642 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

Invesco Stock Down 0.4 %

Shares of NYSE:IVZ opened at $18.90 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.43 and a current ratio of 4.43. The company has a market cap of $8.60 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.35. Invesco Ltd. has a 52 week low of $13.20 and a 52 week high of $24.31. The firm has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $17.25.

Invesco (NYSE:IVZGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The asset manager reported $0.34 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.09). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a net margin of 18.21% and a return on equity of 10.39%. The firm’s revenue was down 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. As a group, research analysts expect that Invesco Ltd. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on IVZ. The Goldman Sachs Group raised their price target on shares of Invesco from $18.50 to $18.70 and gave the company a “neutral” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut shares of Invesco from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $19.00 in a report on Monday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Monday. UBS Group cut shares of Invesco from a “buy” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Tuesday, January 10th. Finally, Morgan Stanley increased their price objective on shares of Invesco from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Invesco currently has a consensus rating of “Hold” and a consensus price target of $19.90.

About Invesco

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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