Paragon Capital Management Ltd Cuts Stock Holdings in Invesco Ltd. (NYSE:IVZ)
Paragon Capital Management Ltd lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,847 shares of the asset manager’s stock after selling 757 shares during the period. Paragon Capital Management Ltd’s holdings in Invesco were worth $267,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Steel Peak Wealth Management LLC acquired a new stake in Invesco during the 4th quarter valued at $351,000. Secure Asset Management LLC bought a new position in shares of Invesco in the 4th quarter worth about $1,060,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Invesco by 6.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,425 shares of the asset manager’s stock worth $709,000 after buying an additional 2,459 shares during the last quarter. Keystone Financial Group lifted its position in shares of Invesco by 16.8% in the 4th quarter. Keystone Financial Group now owns 13,432 shares of the asset manager’s stock worth $242,000 after buying an additional 1,928 shares during the last quarter. Finally, TCF National Bank lifted its position in shares of Invesco by 42.3% in the 4th quarter. TCF National Bank now owns 21,441 shares of the asset manager’s stock worth $386,000 after buying an additional 6,375 shares during the last quarter. 66.80% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on IVZ shares. Citigroup set a $16.50 price objective on shares of Invesco and gave the company a “hold” rating in a research report on Friday, October 25th. ValuEngine upgraded shares of Invesco from a “strong sell” rating to a “sell” rating in a research report on Friday, January 3rd. Evercore ISI reiterated a “sell” rating and issued a $17.00 price objective on shares of Invesco in a research report on Thursday, January 30th. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $21.00 in a research report on Wednesday, November 6th. Finally, Wells Fargo & Co downgraded shares of Invesco from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.71.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 29th. The asset manager reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. Invesco had a net margin of 10.20% and a return on equity of 12.17%. The company’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, February 12th. This represents a $1.24 annualized dividend and a yield of 6.97%. Invesco’s payout ratio is 48.63%.
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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