Invesco Ltd. (NYSE:IVZ) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its position in Invesco Ltd. (NYSE:IVZ) by 47.4% during the third quarter, Holdings Channel reports. The firm owned 48,200 shares of the asset manager’s stock after selling 43,400 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco were worth $846,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of IVZ. Dimensional Fund Advisors LP increased its holdings in Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after buying an additional 3,349,069 shares during the period. Swedbank AB acquired a new stake in shares of Invesco in the first quarter worth $41,475,000. Ossiam raised its holdings in shares of Invesco by 2,712.9% during the first quarter. Ossiam now owns 680,157 shares of the asset manager’s stock worth $11,284,000 after purchasing an additional 655,977 shares during the last quarter. Marshall Wace LLP lifted its position in Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Invesco by 19.0% in the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after purchasing an additional 377,786 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

IVZ opened at $17.67 on Friday. The firm’s fifty day simple moving average is $17.48 and its two-hundred day simple moving average is $16.40. Invesco Ltd. has a 52-week low of $13.53 and a 52-week high of $18.94. The company has a market cap of $7.94 billion, a price-to-earnings ratio of -19.21, a PEG ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

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

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.64%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IVZ shares. Morgan Stanley lifted their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Barclays lifted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.63.

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.