Nisa Investment Advisors LLC Sells 945 Shares of Invesco Ltd. (NYSE:IVZ)

Nisa Investment Advisors LLC cut its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 0.7% during the second quarter, Holdings Channel.com reports. The firm owned 131,181 shares of the asset manager’s stock after selling 945 shares during the period. Nisa Investment Advisors LLC’s holdings in Invesco were worth $2,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Invesco in the fourth quarter valued at approximately $64,251,000. FMR LLC raised its holdings in shares of Invesco by 54.9% in the first quarter. FMR LLC now owns 6,527,859 shares of the asset manager’s stock worth $126,053,000 after buying an additional 2,312,927 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 42.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock worth $84,501,000 after buying an additional 1,507,660 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Invesco by 278.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,820,673 shares of the asset manager’s stock worth $35,155,000 after buying an additional 1,339,931 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Invesco by 3.7% in the first quarter. BlackRock Inc. now owns 36,286,388 shares of the asset manager’s stock worth $700,692,000 after buying an additional 1,299,090 shares during the last quarter. Hedge funds and other institutional investors own 76.39% of the company’s stock.

Shares of Invesco stock traded down $0.27 during trading on Friday, hitting $17.75. 50,040 shares of the company’s stock were exchanged, compared to its average volume of 4,689,764. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $20.16. Invesco Ltd. has a 52-week low of $15.38 and a 52-week high of $25.82. The company has a market cap of $7.76 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50.

Invesco (NYSE:IVZ) last issued its earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Invesco had a net margin of 11.45% and a return on equity of 10.23%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Invesco Ltd. will post 2.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.24 annualized dividend and a dividend yield of 6.99%. Invesco’s dividend payout ratio (DPR) is presently 51.03%.

In other Invesco news, Director G Richard Wagoner, Jr. bought 10,000 shares of Invesco stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $20.71 per share, with a total value of $207,100.00. Following the completion of the acquisition, the director now directly owns 25,648 shares in the company, valued at approximately $531,170.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ltd. Invesco bought 2,222,222 shares of Invesco stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,242,222 shares of company stock valued at $10,405,499. 1.90% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on IVZ shares. Barclays set a $21.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, July 26th. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Citigroup set a $20.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Wednesday. Deutsche Bank set a $21.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Edward Jones cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Invesco has an average rating of “Hold” and an average target price of $22.36.

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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