Dupont Capital Management Corp Trims Stake in Invesco Ltd. (NYSE:IVZ)

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Dupont Capital Management Corp lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 18.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,077 shares of the asset manager’s stock after selling 2,252 shares during the quarter. Dupont Capital Management Corp’s holdings in Invesco were worth $171,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Invesco by 0.7% in the second quarter. Vanguard Group Inc. now owns 45,201,641 shares of the asset manager’s stock valued at $924,825,000 after purchasing an additional 313,139 shares during the period. Bank of America Corp DE raised its position in Invesco by 67.6% in the second quarter. Bank of America Corp DE now owns 27,756,146 shares of the asset manager’s stock valued at $567,890,000 after purchasing an additional 11,199,785 shares during the period. JPMorgan Chase & Co. raised its position in Invesco by 4.5% in the second quarter. JPMorgan Chase & Co. now owns 10,141,470 shares of the asset manager’s stock valued at $206,479,000 after purchasing an additional 441,091 shares during the period. Morgan Stanley raised its position in Invesco by 2.6% in the second quarter. Morgan Stanley now owns 4,546,892 shares of the asset manager’s stock valued at $93,030,000 after purchasing an additional 114,161 shares during the period. Finally, Northern Trust Corp raised its position in Invesco by 1.8% in the second quarter. Northern Trust Corp now owns 4,506,496 shares of the asset manager’s stock valued at $92,203,000 after purchasing an additional 79,096 shares during the period. Institutional investors own 67.25% of the company’s stock.

IVZ stock opened at $17.82 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $8.22 billion, a PE ratio of 7.33, a P/E/G ratio of 0.90 and a beta of 1.54. Invesco Ltd. has a 12-month low of $15.15 and a 12-month high of $22.18. The business’s fifty day moving average price is $16.58 and its 200 day moving average price is $18.52.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.13. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. Research analysts predict that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 6.96%. Invesco’s dividend payout ratio is presently 51.03%.

IVZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Thursday, September 12th. Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and lifted their target price for the company from $18.00 to $21.00 in a research report on Wednesday. ValuEngine downgraded Invesco from a “sell” rating to a “strong sell” rating in a research report on Friday. Wells Fargo & Co lifted their target price on Invesco from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Invesco currently has an average rating of “Hold” and a consensus price target of $19.14.

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.

Further Reading: How to trade on quiet period expirations

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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