Invesco Ltd. (NYSE:IVZ) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,217 shares of the asset manager’s stock after selling 8,263 shares during the quarter. Channing Capital Management LLC owned about 0.14% of Invesco worth $10,876,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in shares of Invesco during the third quarter worth about $2,790,000. Asset Management One Co. Ltd. raised its stake in shares of Invesco by 24.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 8,590 shares of the asset manager’s stock worth $151,000 after buying an additional 1,710 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after buying an additional 16,473 shares during the period. Versor Investments LP purchased a new stake in shares of Invesco in the third quarter valued at approximately $882,000. Finally, Apollon Wealth Management LLC acquired a new position in Invesco during the third quarter worth $271,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Down 5.0 %

Shares of IVZ opened at $14.85 on Tuesday. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The stock has a fifty day moving average of $17.61 and a two-hundred day moving average of $17.55. 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 company has a market capitalization of $6.64 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. As a group, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 5.52%. Invesco’s payout ratio is currently 69.49%.

Analysts Set New Price Targets

A number of research firms have commented on IVZ. JPMorgan Chase & Co. reduced their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Argus boosted their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average price target of $19.94.

Invesco 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.