Swedbank AB Sells 500,000 Shares of Invesco Ltd. (NYSE:IVZ)

Swedbank AB decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 20.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,000,000 shares of the asset manager’s stock after selling 500,000 shares during the quarter. Swedbank AB owned 0.44% of Invesco worth $35,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in Invesco by 152.4% during the 1st quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager’s stock worth $906,000 after acquiring an additional 32,989 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Invesco by 33.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the asset manager’s stock valued at $523,000 after purchasing an additional 7,966 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Invesco by 6.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 133,700 shares of the asset manager’s stock worth $2,219,000 after purchasing an additional 7,858 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Invesco by 77.6% during the first quarter. Advisors Asset Management Inc. now owns 11,431 shares of the asset manager’s stock worth $190,000 after purchasing an additional 4,995 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Invesco by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after buying an additional 58,332 shares during the period. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on IVZ. The Goldman Sachs Group lifted their target price on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Evercore ISI raised their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley upped their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus price target of $18.63.

Invesco Stock Up 2.3 %

Shares of Invesco stock opened at $18.15 on Tuesday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of -19.72, a PEG ratio of 1.02 and a beta of 1.44. The stock’s 50-day moving average is $17.68 and its 200 day moving average is $16.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a one year low of $13.53 and a one year high of $18.94.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Equities research analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.