Toronto Dominion Bank Trims Position in Invesco Ltd. (NYSE:IVZ)

Toronto Dominion Bank trimmed its position in Invesco Ltd. (NYSE:IVZ) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,562 shares of the asset manager’s stock after selling 10,501 shares during the period. Toronto Dominion Bank’s holdings in Invesco were worth $2,907,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Invesco by 0.9% in the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after buying an additional 93,126 shares during the last quarter. Barclays PLC raised its position in Invesco by 1.5% in the third quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock worth $41,516,000 after acquiring an additional 35,031 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Invesco by 2.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 142,158 shares of the asset manager’s stock worth $2,496,000 after acquiring an additional 2,846 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Invesco by 14.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,888 shares of the asset manager’s stock valued at $226,000 after acquiring an additional 1,665 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Invesco by 21.7% in the 3rd quarter. MML Investors Services LLC now owns 25,868 shares of the asset manager’s stock worth $454,000 after purchasing an additional 4,620 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and an average price target of $18.63.

Invesco Trading Down 1.9 %

IVZ stock opened at $18.04 on Monday. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of -19.61, a price-to-earnings-growth ratio of 1.06 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 firm’s fifty day simple moving average is $17.90 and its two-hundred day simple moving average is $16.76.

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

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Thursday, November 14th. Invesco’s dividend payout ratio is currently -89.13%.

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.