WBI Investments LLC Sells 59,510 Shares of Invesco Ltd. $IVZ

WBI Investments LLC lessened its stake in Invesco Ltd. (NYSE:IVZ) by 54.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,782 shares of the asset manager’s stock after selling 59,510 shares during the period. WBI Investments LLC’s holdings in Invesco were worth $1,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IVZ. Parallel Advisors LLC grew its position in Invesco by 18.4% during the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Invesco by 0.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock worth $1,966,000 after acquiring an additional 474 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Invesco by 21.5% in the 3rd quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock worth $64,000 after acquiring an additional 491 shares during the last quarter. US Bancorp DE boosted its stake in shares of Invesco by 4.1% in the 3rd quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock valued at $295,000 after purchasing an additional 510 shares in the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Invesco by 2.1% in the 3rd quarter. Norinchukin Bank The now owns 26,249 shares of the asset manager’s stock valued at $602,000 after purchasing an additional 544 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on IVZ. Royal Bank Of Canada decreased their price objective on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Argus set a $31.00 price target on Invesco in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Up 3.1%

NYSE:IVZ opened at $23.74 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day moving average price is $26.62 and its 200-day moving average price is $24.98. The company has a market capitalization of $10.53 billion, a PE ratio of -14.84, a P/E/G ratio of 0.44 and a beta of 1.68. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $0.52 EPS. Invesco’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Invesco’s dividend payout ratio (DPR) is -52.50%.

Invesco Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.