Bank of The West Decreases Holdings in Invesco Ltd. (IVZ)

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Bank of The West trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 34.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 121,996 shares of the asset manager’s stock after selling 65,016 shares during the quarter. Bank of The West’s holdings in Invesco were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. American Century Companies Inc. lifted its stake in Invesco by 19.8% during the 3rd quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock valued at $450,582,000 after acquiring an additional 3,250,743 shares during the period. Federated Investors Inc. PA lifted its stake in Invesco by 114.1% during the 3rd quarter. Federated Investors Inc. PA now owns 5,085,662 shares of the asset manager’s stock valued at $116,361,000 after acquiring an additional 2,709,900 shares during the period. CWM LLC lifted its stake in Invesco by 94,886.4% during the 4th quarter. CWM LLC now owns 1,440,943 shares of the asset manager’s stock valued at $24,121,000 after acquiring an additional 1,439,426 shares during the period. Kiltearn Partners LLP lifted its stake in Invesco by 18.9% during the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock valued at $200,390,000 after acquiring an additional 1,393,287 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Invesco by 60.9% during the 3rd quarter. Schroder Investment Management Group now owns 3,664,694 shares of the asset manager’s stock valued at $83,848,000 after acquiring an additional 1,386,674 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.

IVZ opened at $18.91 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. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $35.03. The firm has a market capitalization of $7.76 billion, a P/E ratio of 7.76, a PEG ratio of 1.15 and a beta of 1.50.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.88%. The firm had revenue of $919.20 million during the quarter, compared to analyst estimates of $913.37 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Invesco Ltd. will post 2.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Wednesday, February 13th. Invesco’s dividend payout ratio is currently 49.38%.

Several analysts have commented on IVZ shares. Barclays decreased their price objective on shares of Invesco from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, December 3rd. Morgan Stanley decreased their price objective on shares of Invesco from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. Credit Suisse Group decreased their price objective on shares of Invesco from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 14th. Deutsche Bank cut shares of Invesco from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $18.00 in a research note on Thursday, January 10th. Finally, Zacks Investment Research cut shares of Invesco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.70.

In other news, Director Rod Canion bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was purchased at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the purchase, the director now directly owns 64,451 shares in the company, valued at approximately $1,158,184.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ltd. Invesco bought 425,531 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was purchased at an average price of $2.64 per share, with a total value of $1,123,401.84. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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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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