NBC Securities Inc. Has $271,000 Holdings in Invesco Ltd. (NYSE:IVZ)

NBC Securities Inc. lessened its holdings in Invesco Ltd. (NYSE:IVZFree Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,235 shares of the asset manager’s stock after selling 1,190 shares during the quarter. NBC Securities Inc.’s holdings in Invesco were worth $271,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northern Trust Corp increased its position in Invesco by 30.7% in the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after buying an additional 1,395,023 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invesco by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock worth $71,984,000 after purchasing an additional 136,582 shares in the last quarter. Fisher Asset Management LLC grew its position in Invesco by 11.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock valued at $69,955,000 after purchasing an additional 391,935 shares during the period. AQR Capital Management LLC increased its stake in Invesco by 52.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock valued at $33,919,000 after purchasing an additional 799,977 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Invesco by 26.4% in the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock valued at $27,913,000 after buying an additional 402,098 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

NYSE:IVZ opened at $16.01 on Wednesday. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of -21.35, a P/E/G ratio of 1.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. The stock has a fifty day moving average of $15.57 and a 200 day moving average of $15.63. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71.

Invesco (NYSE:IVZGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, research analysts expect that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. TD Cowen lowered their price target on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, April 24th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group cut their price target on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Royal Bank of Canada boosted their target price on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.79.

View Our Latest Analysis on Invesco

Invesco Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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