Invesco Ltd. (NYSE:IVZ) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 90,525 shares of the asset manager’s stock after selling 3,025 shares during the period. Highland Capital Management LLC’s holdings in Invesco were worth $1,582,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the 3rd quarter valued at approximately $35,000. Allworth Financial LP boosted its stake in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Invesco during the 3rd quarter worth approximately $76,000. Finally, True Wealth Design LLC acquired a new position in Invesco during the 3rd quarter valued at approximately $77,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IVZ. TD Cowen dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday. Evercore ISI lifted their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.71.

Invesco Price Performance

NYSE:IVZ opened at $19.26 on Friday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The stock’s 50-day moving average price is $17.70 and its 200-day moving average price is $17.30. The stock has a market capitalization of $8.65 billion, a PE ratio of -20.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, equities analysts expect that Invesco Ltd. will post 1.7 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Invesco Company 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.