Invesco Ltd. (IVZ) Stake Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in Invesco Ltd. (NYSE:IVZ) by 23.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 884,875 shares of the asset manager’s stock after selling 275,112 shares during the quarter. Retirement Systems of Alabama’s holdings in Invesco were worth $32,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Invesco by 90.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 433,921 shares of the asset manager’s stock worth $15,205,000 after purchasing an additional 206,313 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in Invesco by 19.2% during the third quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock worth $1,115,000 after purchasing an additional 5,131 shares during the last quarter. Prudential Financial Inc. raised its holdings in Invesco by 40.1% during the third quarter. Prudential Financial Inc. now owns 1,547,138 shares of the asset manager’s stock worth $54,212,000 after purchasing an additional 442,997 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Invesco by 59.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 105,764 shares of the asset manager’s stock worth $3,705,000 after purchasing an additional 39,548 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new position in Invesco during the third quarter worth $266,000. 80.36% of the stock is owned by institutional investors and hedge funds.

Invesco Ltd. (NYSE:IVZ) opened at $33.17 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13,234.11, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.87 and a beta of 1.74. Invesco Ltd. has a 1 year low of $29.36 and a 1 year high of $38.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. Invesco’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. sell-side analysts forecast that Invesco Ltd. will post 3.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, February 14th. Invesco’s payout ratio is 42.34%.

Several equities analysts recently issued reports on IVZ shares. Citigroup lifted their price objective on Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Invesco in a report on Friday, October 27th. Jefferies Group lifted their price objective on Invesco from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.57.

ILLEGAL ACTIVITY WARNING: “Invesco Ltd. (IVZ) Stake Lowered by Retirement Systems of Alabama” was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.themarketsdaily.com/2018/02/15/invesco-ltd-ivz-stake-lowered-by-retirement-systems-of-alabama.html.

About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ).

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply