E&G Advisors LP Cuts Holdings in Invesco Ltd. (IVZ)

E&G Advisors LP reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 38.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,500 shares of the asset manager’s stock after selling 5,400 shares during the period. E&G Advisors LP’s holdings in Invesco were worth $311,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IVZ. Riverhead Capital Management LLC increased its stake in Invesco by 1.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after buying an additional 144 shares in the last quarter. Teachers Advisors LLC increased its stake in Invesco by 17.6% during the 2nd quarter. Teachers Advisors LLC now owns 881,711 shares of the asset manager’s stock worth $31,027,000 after buying an additional 132,191 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Invesco by 19.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 937,472 shares of the asset manager’s stock worth $32,990,000 after buying an additional 150,641 shares in the last quarter. Norinchukin Bank The increased its stake in Invesco by 13.3% during the 2nd quarter. Norinchukin Bank The now owns 16,067 shares of the asset manager’s stock worth $565,000 after buying an additional 1,883 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Invesco by 56.2% during the 2nd quarter. Amalgamated Bank now owns 45,649 shares of the asset manager’s stock worth $1,606,000 after buying an additional 16,432 shares in the last quarter. Institutional investors own 81.31% of the company’s stock.

A number of research firms have recently issued reports on IVZ. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and issued a $41.00 price target on shares of Invesco in a research report on Friday, October 27th. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. UBS Group upped their price target on Invesco from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Finally, Wells Fargo & Co upped their price target on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.79.

In related news, insider Colin Meadows sold 54,215 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Shares of Invesco Ltd. (NYSE:IVZ) opened at $38.08 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $15,143.30, a P/E ratio of 16.56, a PEG ratio of 1.01 and a beta of 1.81. Invesco Ltd. has a 52-week low of $28.75 and a 52-week high of $38.42.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. sell-side analysts predict that Invesco Ltd. will post 2.67 EPS for the current fiscal year.

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Invesco Company Profile

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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