Invesco Ltd. (IVZ) Holdings Trimmed by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its stake in shares of Invesco Ltd. (NYSE:IVZ) by 96.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,805 shares of the asset manager’s stock after selling 248,314 shares during the period. Macquarie Group Ltd.’s holdings in Invesco were worth $147,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CSat Investment Advisory L.P. grew its holdings in Invesco by 141.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock worth $35,000 after acquiring an additional 1,231 shares in the last quarter. Rational Advisors LLC grew its holdings in Invesco by 411.3% during the 4th quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock worth $42,000 after acquiring an additional 2,040 shares in the last quarter. Oakworth Capital Inc. grew its holdings in Invesco by 30.3% during the 4th quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock worth $48,000 after acquiring an additional 670 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in Invesco during the 4th quarter worth $52,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Invesco in the 4th quarter worth about $53,000. 81.56% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on IVZ shares. Citigroup reduced their price target on shares of Invesco from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. Zacks Investment Research downgraded shares of Invesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 8th. Barclays restated a “buy” rating and issued a $19.00 price target on shares of Invesco in a research report on Thursday, January 10th. Deutsche Bank downgraded shares of Invesco from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $18.00 in a research report on Thursday, January 10th. Finally, Credit Suisse Group reduced their price target on shares of Invesco from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.20.

In other news, Director Rod Canion acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the transaction, the director now directly owns 64,451 shares in the company, valued at approximately $1,158,184.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ltd. Invesco acquired 425,531 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was purchased at an average price of $2.64 per share, for a total transaction of $1,123,401.84. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 455,531 shares of company stock worth $1,680,902. 1.90% of the stock is currently owned by insiders.

Invesco stock opened at $21.53 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.54 and a current ratio of 1.54. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $31.53. The stock has a market capitalization of $8.37 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.10). Invesco had a return on equity of 10.96% and a net margin of 16.61%. The business had revenue of $919.20 million during the quarter, compared to the consensus estimate of $913.37 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, research analysts expect that Invesco Ltd. will post 2.28 earnings per share for the current year.

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Invesco Company 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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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