Greenwood Capital Associates LLC Has $1.18 Million Stock Position in Invesco Ltd. $IVZ

Greenwood Capital Associates LLC reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,023 shares of the asset manager’s stock after selling 2,440 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Invesco were worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock worth $165,262,000 after buying an additional 2,882,928 shares during the period. Northern Trust Corp raised its stake in Invesco by 11.3% during the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock worth $107,455,000 after buying an additional 721,947 shares during the period. Goldman Sachs Group Inc. raised its stake in Invesco by 99.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after buying an additional 3,507,150 shares during the period. Alliancebernstein L.P. raised its stake in Invesco by 9.5% during the 1st quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager’s stock worth $105,968,000 after buying an additional 605,161 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock worth $67,551,000 after buying an additional 29,613 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director directly owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IVZ shares. Barclays raised their price objective on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their target price on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research note on Friday, June 27th. Cowen reissued a “buy” rating on shares of Invesco in a research note on Thursday, September 18th. Wells Fargo & Company raised Invesco from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, Bank of America raised their target price on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.45.

Invesco Stock Performance

Invesco stock opened at $23.61 on Friday. The stock’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $17.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.30 and a beta of 1.66. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $23.83.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco’s payout ratio is presently 90.32%.

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.