WBI Investments LLC Decreases Stock Holdings in Invesco Ltd. $IVZ

WBI Investments LLC decreased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 54.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Morgan Stanley set a $29.00 price target on shares of Invesco in a research note on Monday, January 26th. TD Cowen set a $34.50 price objective on shares of Invesco in a research report on Wednesday, January 28th. Barclays reduced their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $28.46.

Invesco Price Performance

Shares of NYSE:IVZ opened at $23.74 on Wednesday. The company has a market capitalization of $10.53 billion, a P/E 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. The firm’s 50 day simple moving average is $26.62 and its two-hundred day simple moving average is $24.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38.

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

Invesco Dividend Announcement

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

About Invesco

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.