American Century Companies Inc. Decreases Stock Holdings in Invesco Ltd. (NYSE:IVZ)

American Century Companies Inc. lessened its stake in shares of Invesco Ltd. (NYSE:IVZ) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,671,541 shares of the asset manager’s stock after selling 62,439 shares during the quarter. American Century Companies Inc.’s holdings in Invesco were worth $25,006,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Centennial Wealth Advisory LLC boosted its holdings in Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after purchasing an additional 669 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco by 35.2% in 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 during the last quarter. Wright Investors Service Inc. grew its holdings in shares of 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 acquiring an additional 944 shares during the period. Parallel Advisors LLC increased its position in Invesco by 40.2% during the fourth quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 959 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 963 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IVZ shares. The Goldman Sachs Group reduced their price target on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Barclays initiated coverage on shares of Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target 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. Wells Fargo & Company initiated coverage on Invesco in a research note on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price objective for the company. Finally, Evercore ISI lifted their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.98.

Invesco Stock Performance

NYSE:IVZ opened at $16.75 on Thursday. The stock has a 50-day moving average price of $16.44 and a 200 day moving average price of $15.79. The stock has a market capitalization of $7.53 billion, a P/E ratio of -22.33, a P/E/G ratio of 1.09 and a beta of 1.44. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was down .4% on a year-over-year basis. Equities research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were issued a $0.205 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.90%. Invesco’s dividend payout ratio is currently -109.33%.

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.