Robeco Institutional Asset Management B.V. Lowers Position in Invesco Ltd. (NYSE:IVZ)

Robeco Institutional Asset Management B.V. cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 79.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,953 shares of the asset manager’s stock after selling 985,772 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Invesco worth $4,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new stake in Invesco during the third quarter valued at about $25,000. Gables Capital Management Inc. raised its holdings in Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares during the period. Jones Financial Companies Lllp bought a new stake in Invesco during the third quarter valued at about $32,000. Sentry Investment Management LLC bought a new stake in Invesco during the third quarter valued at about $36,000. Finally, Pinnacle Bancorp Inc. raised its holdings in Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IVZ. BMO Capital Markets reissued a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a report on Wednesday, April 24th. Wells Fargo & Company reduced their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. TD Cowen reduced their target price on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 price objective (down from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, UBS Group reduced their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target of $16.79.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $16.02 on Tuesday. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The firm has a 50 day moving average of $15.60 and a 200 day moving average of $15.72.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Equities research analysts predict that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.12%. Invesco’s dividend payout ratio is presently -109.33%.

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.