Invesco Ltd. (NYSE:IVZ) Stock Holdings Trimmed by Swedbank AB

Swedbank AB lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000,000 shares of the asset manager’s stock after selling 500,000 shares during the period. Swedbank AB owned approximately 0.44% of Invesco worth $35,120,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after acquiring an additional 3,349,069 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Invesco by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock valued at $37,241,000 after acquiring an additional 30,016 shares in the last quarter. AQR Capital Management LLC raised its stake in Invesco by 19.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after acquiring an additional 377,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Invesco by 4.1% during the 1st 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 acquiring an additional 58,332 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after acquiring an additional 654,960 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 2.7 %

Shares of Invesco stock opened at $18.17 on Thursday. The stock’s fifty day moving average is $16.93 and its 200-day moving average is $16.04. The firm has a market capitalization of $8.17 billion, a PE ratio of -24.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. Invesco’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts anticipate that Invesco Ltd. will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.51%. Invesco’s dividend payout ratio is -109.33%.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Evercore ISI boosted their price objective on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 20th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Company boosted their price objective on Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.42.

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.