Bank OZK Sells 12,178 Shares of Invesco Ltd. (NYSE:IVZ)

Bank OZK trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 28.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,008 shares of the asset manager’s stock after selling 12,178 shares during the period. Bank OZK’s holdings in Invesco were worth $553,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in Invesco by 276.8% in the 3rd 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 period. Oak Thistle LLC purchased a new stake in Invesco in the 4th quarter valued at about $1,166,000. Northern Trust Corp boosted its position in Invesco by 30.7% in the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after buying an additional 1,395,023 shares during the period. Raymond James & Associates boosted its position in Invesco by 4.5% in the 3rd quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock valued at $957,000 after buying an additional 2,846 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Invesco by 99.6% in the 3rd quarter. Hsbc Holdings PLC now owns 749,137 shares of the asset manager’s stock valued at $10,912,000 after buying an additional 373,778 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on IVZ shares. BMO Capital Markets reissued a “market perform” rating and issued a $17.00 price objective (down from $18.00) on shares of Invesco in a research report on Wednesday. TD Cowen lowered their price target on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday. UBS Group decreased their target price on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 price target (down previously from $19.00) on shares of Invesco in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.79.

Invesco Stock Performance

Shares of NYSE:IVZ traded up $0.16 during midday trading on Friday, reaching $14.67. The company’s stock had a trading volume of 5,254,343 shares, compared to its average volume of 4,482,069. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The stock has a fifty day moving average of $15.69 and a 200 day moving average of $15.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, analysts predict that Invesco Ltd. will post 1.7 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.59%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is presently -106.67%.

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.