Greenwood Capital Associates LLC Sells 821 Shares of Invesco Ltd. (NYSE:IVZ)

Greenwood Capital Associates LLC decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,686 shares of the asset manager’s stock after selling 821 shares during the period. Greenwood Capital Associates LLC’s holdings in Invesco were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its stake 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 purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter valued at about $35,000. Allworth Financial LP boosted its holdings in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the period. Crews Bank & Trust bought a new position in Invesco during the 4th quarter worth approximately $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco in the 3rd quarter worth approximately $76,000. Institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock. BMO Capital Markets boosted their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” 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 two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.87.

Invesco Stock Performance

NYSE:IVZ opened at $18.38 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $17.34. The firm 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 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Dividend Announcement

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

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.