Securian Asset Management Inc. Decreases Holdings in Invesco Ltd. (NYSE:IVZ)

Securian Asset Management Inc. lowered its position in Invesco Ltd. (NYSE:IVZ) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,154 shares of the asset manager’s stock after selling 734 shares during the quarter. Securian Asset Management Inc.’s holdings in Invesco were worth $422,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco in the third quarter valued at $1,428,196,000. State Street Corp boosted its position in shares of Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after buying an additional 151,408 shares in the last quarter. Geode Capital Management LLC grew its stake in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after acquiring an additional 93,126 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock worth $77,320,000 after acquiring an additional 111,518 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Invesco stock opened at $15.44 on Tuesday. 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 cap of $6.91 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The firm has a 50 day moving average price of $17.38 and a 200 day moving average price of $17.48.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.31%. Invesco’s dividend payout ratio (DPR) is 69.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. TD Cowen reduced their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets lifted their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.94.

About Invesco

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.