Wealthcare Capital Management LLC Sells 33,000 Shares of Invesco Ltd. (NYSE:IVZ)

Wealthcare Capital Management LLC lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 630,545 shares of the asset manager’s stock after selling 33,000 shares during the period. Invesco makes up about 1.1% of Wealthcare Capital Management LLC’s holdings, making the stock its 9th biggest position. Wealthcare Capital Management LLC owned 0.14% of Invesco worth $11,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Avior Wealth Management LLC boosted its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the 3rd quarter worth $35,000. Allworth Financial LP grew its position in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Truvestments Capital LLC acquired a new position in Invesco during the third quarter worth $76,000. Finally, True Wealth Design LLC bought a new position in shares of Invesco in the third quarter valued at $77,000. 66.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IVZ shares. The Goldman Sachs Group lowered their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus price target of $18.79.

Invesco Stock Performance

NYSE:IVZ opened at $16.84 on Friday. The business’s fifty day moving average is $17.64 and its 200 day moving average is $17.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of -18.30, a PEG ratio of 0.79 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $18.94.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was down 20.8% on a year-over-year basis. Research analysts predict that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.87%. Invesco’s payout ratio is -89.13%.

Invesco 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.