Prio Wealth Limited Partnership trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 533,031 shares of the asset manager’s stock after selling 25,944 shares during the period. Prio Wealth Limited Partnership owned about 0.13% of Invesco worth $14,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Morningstar Investment Services LLC raised its holdings in shares of Invesco by 8.6% during the 1st quarter. Morningstar Investment Services LLC now owns 23,515 shares of the asset manager’s stock valued at $753,000 after buying an additional 1,858 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Invesco by 3.4% during the 1st quarter. Neuberger Berman Group LLC now owns 56,944 shares of the asset manager’s stock valued at $1,823,000 after buying an additional 1,888 shares in the last quarter. Miles Capital Inc. raised its holdings in shares of Invesco by 35.0% during the 1st quarter. Miles Capital Inc. now owns 7,579 shares of the asset manager’s stock valued at $243,000 after buying an additional 1,966 shares in the last quarter. Comerica Securities Inc. raised its holdings in shares of Invesco by 8.5% during the 1st quarter. Comerica Securities Inc. now owns 26,003 shares of the asset manager’s stock valued at $832,000 after buying an additional 2,029 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Invesco by 3.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,521 shares of the asset manager’s stock valued at $2,289,000 after buying an additional 2,100 shares in the last quarter. 80.10% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Invesco from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. Credit Suisse Group decreased their price target on Invesco from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, July 27th. JPMorgan Chase & Co. decreased their price target on Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price target on shares of Invesco in a research note on Friday, July 27th. Finally, Wells Fargo & Co decreased their price target on Invesco from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday, July 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.36.

In other Invesco news, major shareholder Ltd. Invesco acquired 2,127,659 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were purchased at an average cost of $4.69 per share, for a total transaction of $9,978,720.71. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Shares of Invesco stock opened at $24.70 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 1.04 and a beta of 1.70. Invesco Ltd. has a one year low of $24.31 and a one year high of $38.43.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $974.00 million for the quarter, compared to analysts’ expectations of $960.91 million. Invesco had a return on equity of 12.70% and a net margin of 21.64%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. equities analysts expect that Invesco Ltd. will post 2.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Thursday, August 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.86%. Invesco’s dividend payout ratio is currently 44.44%.

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.

Featured Story: Diversification in Your Portfolio

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ).

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.