DGS Capital Management LLC Lowers Position in Invesco Ltd. (NYSE:IVZ)

DGS Capital Management LLC lessened its position in Invesco Ltd. (NYSE:IVZ) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,208 shares of the asset manager’s stock after selling 705 shares during the quarter. DGS Capital Management LLC’s holdings in Invesco were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its stake in shares of Invesco by 276.8% during the third quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager’s stock valued at $1,187,000 after buying an additional 60,057 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Invesco during the fourth quarter worth about $1,166,000. Northern Trust Corp boosted its holdings in shares of Invesco by 30.7% during the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after purchasing an additional 1,395,023 shares during the period. Raymond James & Associates boosted its holdings in shares of Invesco by 4.5% during the third quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock worth $957,000 after purchasing an additional 2,846 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Invesco by 99.6% during the third quarter. Hsbc Holdings PLC now owns 749,137 shares of the asset manager’s stock worth $10,912,000 after purchasing an additional 373,778 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IVZ. Morgan Stanley dropped their target price on shares of Invesco from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. UBS Group lowered their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. Wells Fargo & Company lowered their price objective on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $17.38.

Invesco Price Performance

IVZ stock opened at $15.18 on Wednesday. The firm has a 50 day moving average price of $15.81 and a 200-day moving average price of $15.40. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of -20.51, a PEG ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.73 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Thursday, February 15th. Invesco’s dividend payout ratio (DPR) is currently -108.11%.

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.