Greenwood Capital Associates LLC Has $1.25 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Greenwood Capital Associates LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,686 shares of the asset manager’s stock after selling 821 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Invesco were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco during the third quarter worth $1,428,196,000. State Street Corp boosted its stake in Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after acquiring an additional 151,408 shares in the last quarter. Geode Capital Management LLC grew its holdings in Invesco by 0.9% in the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after purchasing an additional 93,126 shares during the period. Fisher Asset Management LLC increased its stake in Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after purchasing an additional 45,891 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

NYSE IVZ opened at $18.38 on Tuesday. The stock has a market capitalization of $8.26 billion, a PE ratio of 15.55, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The company’s 50 day simple moving average is $17.73 and its two-hundred day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Analysts predict that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.46%. Invesco’s dividend payout ratio is presently 69.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IVZ. Wells Fargo & Company increased their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. UBS Group raised their price objective on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday. TD Cowen lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.87.

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.