Seeyond trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 33,585 shares of the asset manager’s stock after selling 965 shares during the quarter. Seeyond’s holdings in Invesco were worth $687,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IVZ. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 42.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock valued at $84,501,000 after acquiring an additional 1,507,660 shares during the period. Geode Capital Management LLC lifted its position in shares of Invesco by 13.9% during the 4th quarter. Geode Capital Management LLC now owns 5,884,507 shares of the asset manager’s stock valued at $98,348,000 after acquiring an additional 717,941 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Invesco by 17.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 40,338 shares of the asset manager’s stock valued at $779,000 after acquiring an additional 5,999 shares during the period. Parallel Advisors LLC lifted its position in shares of Invesco by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 532 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Invesco by 5.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,017 shares of the asset manager’s stock valued at $908,000 after acquiring an additional 2,556 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Shares of Invesco stock traded up $0.25 during trading on Friday, reaching $17.51. 155,254 shares of the company’s stock were exchanged, compared to its average volume of 4,879,309. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a 1-year low of $15.15 and a 1-year high of $24.88. The company has a market cap of $8.11 billion, a P/E ratio of 7.18, a PEG ratio of 0.83 and a beta of 1.53. The firm’s 50-day moving average price is $16.70 and its 200 day moving average price is $19.42.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Invesco had a return on equity of 10.23% and a net margin of 11.45%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. Invesco’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Invesco Ltd. will post 2.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.31 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.24 dividend on an annualized basis and a yield of 7.08%. Invesco’s payout ratio is presently 51.03%.

A number of research firms have recently commented on IVZ. Barclays set a $21.00 price target on Invesco and gave the stock a “hold” rating in a report on Friday, July 26th. Citigroup set a $20.00 price target on Invesco and gave the stock a “hold” rating in a report on Wednesday, July 31st. Jefferies Financial Group cut Invesco from a “buy” rating to a “hold” rating and lowered their price target for the stock from $24.00 to $23.00 in a report on Friday, June 7th. Deutsche Bank set a $21.00 price target on Invesco and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.73.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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