Invesco Ltd. (NYSE:IVZ) Shares Sold by Wesleyan Assurance Society

Wesleyan Assurance Society decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 372,873 shares of the asset manager’s stock after selling 31,364 shares during the quarter. Wesleyan Assurance Society’s holdings in Invesco were worth $6,518,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IVZ. Norges Bank acquired a new position in Invesco in the 4th quarter worth about $57,459,000. AQR Capital Management LLC raised its holdings in Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after purchasing an additional 2,264,551 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Invesco by 2,385.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after purchasing an additional 1,642,645 shares during the period. Amundi raised its holdings in Invesco by 124.6% in the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after purchasing an additional 1,472,178 shares during the period. Finally, Deutsche Bank AG raised its holdings in Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock worth $58,289,000 after purchasing an additional 1,232,359 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $15.33 on Tuesday. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market cap of $6.86 billion, a PE ratio of 12.99, a P/E/G ratio of 0.98 and a beta of 1.47. The stock has a 50 day moving average price of $14.30 and a 200 day moving average price of $16.49.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is currently 67.20%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Invesco from $15.00 to $15.25 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Bank of America cut their price objective on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Evercore ISI boosted their price objective on Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Invesco Profile

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.