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

Yousif Capital Management LLC trimmed its stake in Invesco Ltd. (NYSE:IVZ) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 65,765 shares of the asset manager’s stock after selling 1,227 shares during the period. Yousif Capital Management LLC’s holdings in Invesco were worth $1,150,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IVZ. Sanctuary Advisors LLC purchased a new stake in Invesco in the second quarter valued at approximately $164,000. Exchange Traded Concepts LLC boosted its holdings in Invesco by 1,509.6% in the third quarter. Exchange Traded Concepts LLC now owns 6,390 shares of the asset manager’s stock valued at $112,000 after purchasing an additional 5,993 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Invesco during the third quarter worth about $4,889,000. B.O.S.S. Retirement Advisors LLC increased its position in shares of Invesco by 3.5% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 72,037 shares of the asset manager’s stock valued at $1,265,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after buying an additional 1,020 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 0.8 %

Shares of Invesco stock opened at $18.42 on Friday. The company has a 50-day moving average of $17.83 and a two-hundred day moving average of $17.44. The stock has a market cap of $8.28 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, research analysts anticipate that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.45%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IVZ shares. Wells Fargo & Company upped their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Barclays raised their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Evercore ISI upped their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, TD Cowen cut their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $19.94.

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.