Invesco Ltd. (NYSE:IVZ) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 17.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,560 shares of the asset manager’s stock after selling 10,381 shares during the period. Cibc World Markets Corp’s holdings in Invesco were worth $884,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco in the 3rd quarter valued at approximately $1,428,196,000. State Street Corp increased its holdings in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after purchasing an additional 151,408 shares during the period. Geode Capital Management LLC raised its stake in shares of Invesco by 0.9% during the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after purchasing an additional 93,126 shares in the last quarter. Fisher Asset Management LLC grew its position in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Invesco by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock valued at $77,320,000 after buying an additional 111,518 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays increased their price target on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. TD Cowen reduced their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price target on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $19.94.

Invesco Price Performance

Shares of IVZ stock opened at $15.34 on Friday. The stock’s fifty day simple moving average is $17.26 and its 200 day simple moving average is $17.43. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.98 and a beta of 1.43. 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 issued its earnings results 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 net margin of 12.77% and a return on equity of 8.18%. On average, analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.35%. Invesco’s dividend payout ratio is 69.49%.

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.