Chevy Chase Trust Holdings Llc owns $3.67 million in Invesco Ltd. (NYSE:IVZ)

Chevy Chase Trust Holdings LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ – Free Report) by 1.3% during the second quarter, HoldingsChannel reports. The fund owned 245,596 shares of the asset manager’s stock after selling 3,310 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Invesco were worth $3,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gables Capital Management Inc. raised its position in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares during the period. Jones Financial Companies Lllp raised its stake in Invesco by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after buying an additional 766 shares. shares in the last quarter. Alaska Permanent Fund Corp raised its stake in Invesco by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock worth $2,592,000 after buying an additional 767 shares. of shares in the last quarter. Wright Investors Service Inc. raised its stake in Invesco by 2.1% in the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after purchasing an additional 944 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Invesco by 40.2% during the 4th quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock worth $60,000 after bought an additional 959 shares in the last quarter. 66.09% of the shares are currently owned by institutional investors and hedge funds.

The Wall Street analyst weighs in

A number of analysts recently issued reports on IVZ shares. Goldman Sachs Group cut their price target on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com lowered shares of Invesco from a “hold” rating to a “sell” rating in a research note on Thursday. Evercore ISI lifted their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday. July 25. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.13, based on data from MarketBeat.

Check out our latest research report on IVZ

Invesco Price Performance

Shares of NYSE:IVZ opened at $16.74 on Friday. The firm has a 50-day moving average of $15.84 and a 200-day moving average of $15.67. The stock has a market cap of $7.53 billion, a PE ratio of -22.32, a PEG ratio of 1.16 and a beta of 1.47. The company has a current ratio of 5.80, a quick ratio of 6.89, and a debt-to-equity ratio of 0.68. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28.

Invesco (NYSE:IVZ – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s revenue for the quarter was down 0.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. On average, equities research analysts predict that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be given a $0.205 dividend. This represents an annualized dividend of $0.82 and a yield of 4.90%. The ex-dividend date of this dividend is Friday, August 16. Invesco’s payout ratio is -109.33%.

Invesco Company Profile

(Free report)

Invesco Ltd. is a public equity investment manager. The firm serves 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.

See Also

Want to see what other hedge funds own IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ – Free Report).

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