Invesco Ltd. (IVZ) Holdings Cut by Usca Ria LLC

Usca Ria LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 40.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,710 shares of the asset manager’s stock after selling 62,488 shares during the quarter. Usca Ria LLC’s holdings in Invesco were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in IVZ. Sun Life Financial INC grew its stake in Invesco by 3,034.1% in the 2nd quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 4,005 shares during the period. First Interstate Bank grew its stake in Invesco by 89.2% in the 2nd quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 2,122 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Invesco in the 3rd quarter valued at $173,000. Bessemer Group Inc. grew its stake in Invesco by 51.4% in the 2nd quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock valued at $178,000 after purchasing an additional 2,277 shares during the period. Finally, Private Capital Group LLC grew its stake in Invesco by 134.0% in the 2nd quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock valued at $188,000 after purchasing an additional 4,055 shares during the period. Hedge funds and other institutional investors own 79.32% of the company’s stock.

IVZ stock opened at $21.75 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. The firm has a market cap of $8.89 billion, a PE ratio of 8.04, a PEG ratio of 0.92 and a beta of 1.52. Invesco Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $38.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $966.90 million during the quarter, compared to the consensus estimate of $972.49 million. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities analysts forecast that Invesco Ltd. will post 2.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 9th. This represents a $1.20 annualized dividend and a dividend yield of 5.52%. Invesco’s payout ratio is 44.44%.

A number of brokerages have issued reports on IVZ. Barclays reduced their price objective on Invesco from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, October 19th. Credit Suisse Group restated a “neutral” rating and issued a $27.00 price objective (down previously from $34.00) on shares of Invesco in a research note on Friday, October 19th. Royal Bank of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Invesco in a research note on Friday, October 19th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Deutsche Bank cut their price target on Invesco from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.73.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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