Wealthcare Capital Management LLC Cuts Stock Position in Invesco Ltd. (NYSE:IVZ)

Wealthcare Capital Management LLC cut its holdings in Invesco Ltd. (NYSE:IVZ) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,545 shares of the asset manager’s stock after selling 33,000 shares during the quarter. Invesco makes up approximately 1.1% of Wealthcare Capital Management LLC’s holdings, making the stock its 9th largest holding. Wealthcare Capital Management LLC’s holdings in Invesco were worth $11,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IVZ. Mercer Global Advisors Inc. ADV boosted its position in shares of Invesco by 3.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager’s stock valued at $965,000 after purchasing an additional 1,937 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Invesco by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager’s stock worth $655,000 after buying an additional 1,742 shares during the period. Seven Eight Capital LP bought a new position in shares of Invesco in the 2nd quarter worth about $576,000. XTX Topco Ltd boosted its stake in Invesco by 3.5% during the second quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager’s stock worth $647,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Invesco by 4.6% during the second quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager’s stock valued at $482,000 after purchasing an additional 1,409 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $16.84 on Friday. The stock has a market cap of $7.57 billion, a PE ratio of -18.30, a P/E/G ratio of 0.79 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $17.64 and its two-hundred day simple moving average is $17.11. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $18.94.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s revenue was down 20.8% compared to the same quarter last year. As a group, analysts forecast that Invesco Ltd. will post 1.7 EPS for the current fiscal year.

Invesco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on IVZ shares. JPMorgan Chase & Co. boosted their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group reduced their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods cut their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.79.

About Invesco

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.