Invesco Ltd. (NYSE:IVZ) Stake Trimmed by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its position in shares of Invesco Ltd. (NYSE:IVZ) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,900 shares of the asset manager’s stock after selling 3,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Invesco were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after acquiring an additional 274,134 shares in the last quarter. Geode Capital Management LLC raised its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock valued at $181,281,000 after purchasing an additional 134,726 shares during the period. AQR Capital Management LLC raised its stake in Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after purchasing an additional 2,264,551 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Invesco by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after purchasing an additional 31,854 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Invesco by 15.1% in the fourth quarter. Northern Trust Corp now owns 6,361,463 shares of the asset manager’s stock worth $111,198,000 after buying an additional 834,581 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ opened at $21.67 on Tuesday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. The company’s fifty day moving average is $16.22 and its 200-day moving average is $15.95. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $21.84.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Invesco had a return on equity of 7.97% and a net margin of 10.68%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco’s dividend payout ratio is 90.32%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent analyst reports. Barclays upped their price target on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 23rd. Citigroup dropped their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. Evercore ISI increased their price target on shares of Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a research note on Friday, June 27th. Fourteen analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.78.

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.