Olstein Capital Management L.P. Sells 21,996 Shares of Invesco Ltd. (NYSE:IVZ)

Olstein Capital Management L.P. lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 470,000 shares of the asset manager’s stock after selling 21,996 shares during the period. Invesco comprises about 1.4% of Olstein Capital Management L.P.’s portfolio, making the stock its 21st biggest position. Olstein Capital Management L.P. owned about 0.10% of Invesco worth $8,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco in the 3rd quarter valued at approximately $35,000. Allworth Financial LP raised its stake in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco during the third quarter worth $76,000. Finally, True Wealth Design LLC bought a new stake in shares of Invesco in the third quarter worth $77,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Barclays reduced their target price on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, December 20th. Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.71.

Invesco Stock Up 0.2 %

Shares of NYSE:IVZ opened at $17.62 on Friday. The firm has a market cap of $7.92 billion, a P/E ratio of -19.15, a PEG ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $18.94. The business’s 50 day simple moving average is $17.59 and its two-hundred day simple moving average is $17.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

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.