Yousif Capital Management LLC Lowers Position in Invesco Ltd. (NYSE:IVZ)

Yousif Capital Management LLC trimmed its position in Invesco Ltd. (NYSE:IVZ) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,102 shares of the asset manager’s stock after selling 1,286 shares during the period. Yousif Capital Management LLC’s holdings in Invesco were worth $1,393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Invesco during the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. boosted its stake in Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after acquiring an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Invesco in the 3rd quarter worth approximately $32,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the third quarter worth $36,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Invesco during the third quarter valued at $41,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Cowen cut their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. The Goldman Sachs Group reduced their price target on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada increased their target price on Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. UBS Group decreased their price target on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Finally, Morgan Stanley upped their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $16.79.

Invesco Trading Up 1.3 %

Invesco stock opened at $14.53 on Friday. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a market cap of $6.53 billion, a P/E ratio of -19.37, a P/E/G ratio of 1.05 and a beta of 1.45. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $15.62 and a two-hundred day simple moving average of $15.47.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts predict that Invesco Ltd. will post 1.68 EPS for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.64%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio is -106.67%.

About Invesco

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.