Hoertkorn Richard Charles Has $122,000 Holdings in Invesco Ltd. (NYSE:IVZ)

Hoertkorn Richard Charles decreased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the asset manager’s stock after selling 667 shares during the quarter. Hoertkorn Richard Charles’ holdings in Invesco were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IVZ. Bank of New York Mellon Corp boosted its stake in Invesco by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after acquiring an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Invesco during the fourth quarter valued at about $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invesco during the 4th quarter worth about $424,000. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco in the 3rd quarter valued at about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after buying an additional 14,489 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $15.56 on Friday. The stock has a 50 day moving average of $17.18 and a 200 day moving average of $17.42. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. UBS Group boosted their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.94.

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.