United Services Automobile Association Has $223,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

United Services Automobile Association reduced its holdings in Invesco Ltd. (NYSE:IVZ) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,727 shares of the asset manager’s stock after selling 2,314 shares during the quarter. United Services Automobile Association’s holdings in Invesco were worth $223,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Invesco in the second quarter valued at about $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the second quarter worth about $30,000. Allworth Financial LP lifted its stake in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in Invesco in the second quarter valued at approximately $61,000. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Evercore ISI increased their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Barclays boosted their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Trading Up 3.0 %

Shares of Invesco stock opened at $18.37 on Tuesday. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $18.94. The stock has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $16.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market capitalization of $8.25 billion, a PE ratio of -19.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, equities analysts anticipate that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.47%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.