Highland Capital Management LLC Sells 3,025 Shares of Invesco Ltd. (NYSE:IVZ)

Highland Capital Management LLC cut its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,525 shares of the asset manager’s stock after selling 3,025 shares during the period. Highland Capital Management LLC’s holdings in Invesco were worth $1,582,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IVZ. Avior Wealth Management LLC grew its holdings in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the 3rd quarter worth $35,000. Allworth Financial LP increased its holdings in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Invesco during the 3rd quarter valued at about $76,000. Finally, True Wealth Design LLC bought a new position in shares of Invesco in the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IVZ. Argus boosted their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Tuesday. Barclays increased their target price on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Performance

Shares of Invesco stock opened at $19.26 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $17.70 and its 200-day moving average price is $17.30. The firm has a market cap of $8.65 billion, a P/E ratio of -20.93, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly 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 negative net margin of 3.00% and a positive return on equity of 8.83%. On average, equities research analysts expect that Invesco Ltd. will post 1.7 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.26%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

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.