NBC Securities Inc. Sells 1,190 Shares of Invesco Ltd. (NYSE:IVZ)

NBC Securities Inc. reduced its stake in Invesco Ltd. (NYSE:IVZFree Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,235 shares of the asset manager’s stock after selling 1,190 shares during the period. NBC Securities Inc.’s holdings in Invesco were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP grew its position in Invesco by 276.8% in the third quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager’s stock valued at $1,187,000 after acquiring an additional 60,057 shares during the period. Swiss National Bank bought a new stake in shares of Invesco in the 4th quarter worth about $11,830,000. Oak Thistle LLC acquired a new stake in shares of Invesco during the 4th quarter worth about $1,166,000. Northern Trust Corp lifted its holdings in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. acquired a new position in Invesco in the fourth quarter valued at about $2,496,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 1.4 %

IVZ opened at $16.01 on Wednesday. The firm has a 50 day simple moving average of $15.57 and a 200 day simple moving average of $15.63. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The company has a market cap of $7.20 billion, a price-to-earnings ratio of -21.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZGet Free Report) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.12%. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio (DPR) is -109.33%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Wells Fargo & Company reduced their price objective on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $17.00 target price (down from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Royal Bank of Canada upped their price target on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. Finally, TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.79.

View Our Latest Report on IVZ

Invesco Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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