Invesco Ltd. (NYSE:IVZ) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,504 shares of the asset manager’s stock after selling 1,604 shares during the period. Moors & Cabot Inc.’s holdings in Invesco were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Harmony Asset Management LLC boosted its position in Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 600 shares in the last quarter. D.A. Davidson & CO. boosted its position in Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock worth $816,000 after purchasing an additional 677 shares in the last quarter. Arizona State Retirement System boosted its position in Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock worth $1,712,000 after purchasing an additional 812 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock worth $248,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Invesco by 1.6% during the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager’s stock worth $1,346,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $15.32 on Monday. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. 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 market cap of $6.86 billion, a PE ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 1.43. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $17.49.

Invesco (NYSE:IVZ) last posted 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 return on equity of 8.18% and a net margin of 12.77%. Equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.35%. Invesco’s dividend payout ratio (DPR) is 69.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IVZ. Barclays increased their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. Argus raised their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. One equities research 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. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $19.94.

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.