Ossiam trimmed its position in Invesco Ltd. (NYSE:IVZ - Get Rating) by 92.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,423 shares of the asset manager's stock after selling 211,456 shares during the quarter. Ossiam's holdings in Invesco were worth $331,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Invesco by 5.6% during the 4th quarter. Van ECK Associates Corp now owns 10,094 shares of the asset manager's stock worth $182,000 after buying an additional 537 shares during the period. State of Alaska Department of Revenue increased its position in shares of Invesco by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 63,661 shares of the asset manager's stock valued at $1,145,000 after buying an additional 555 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Invesco by 4.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,862 shares of the asset manager's stock worth $267,000 after acquiring an additional 618 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Invesco by 31.1% during the 4th quarter. TCI Wealth Advisors Inc. now owns 3,353 shares of the asset manager's stock worth $60,000 after purchasing an additional 796 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Invesco by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,249 shares of the asset manager's stock worth $454,000 after acquiring an additional 894 shares during the period. 69.42% of the stock is owned by institutional investors.
Invesco Trading Up 0.8 %
IVZ opened at $16.06 on Friday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.33 and a beta of 1.35. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 0.69. Invesco Ltd. has a twelve month low of $13.20 and a twelve month high of $20.56. The company has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $17.40.
Invesco (NYSE:IVZ - Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The asset manager reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.10 billion. Invesco had a net margin of 14.87% and a return on equity of 7.86%. The firm's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. Analysts predict that Invesco Ltd. will post 1.66 EPS for the current fiscal year.
Invesco Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Tuesday, May 9th were paid a $0.20 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.19. The ex-dividend date was Monday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. Invesco's dividend payout ratio (DPR) is presently 57.97%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Invesco from $18.00 to $18.50 and gave the stock a "neutral" rating in a research report on Friday, April 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Invesco from $15.00 to $16.00 in a research note on Wednesday, April 26th. Credit Suisse Group upgraded shares of Invesco from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $14.50 to $15.00 in a research note on Wednesday, March 29th. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 16th. Finally, Citigroup initiated coverage on shares of Invesco in a research report on Thursday, May 18th. They set a "neutral" rating and a $16.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Invesco has an average rating of "Hold" and an average target price of $17.55.
Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ - Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report