Invesco Ltd. (IVZ) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 43.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,714 shares of the asset manager’s stock after selling 56,198 shares during the quarter. CIBC Asset Management Inc’s holdings in Invesco were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Xact Kapitalforvaltning AB boosted its position in Invesco by 2.2% during the second quarter. Xact Kapitalforvaltning AB now owns 97,871 shares of the asset manager’s stock valued at $2,599,000 after purchasing an additional 2,100 shares during the last quarter. HPM Partners LLC boosted its position in Invesco by 4.7% during the second quarter. HPM Partners LLC now owns 46,858 shares of the asset manager’s stock valued at $1,245,000 after purchasing an additional 2,109 shares during the last quarter. First Interstate Bank boosted its position in Invesco by 89.2% during the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 2,122 shares during the last quarter. Buckingham Capital Management Inc. boosted its position in Invesco by 6.7% during the second quarter. Buckingham Capital Management Inc. now owns 34,285 shares of the asset manager’s stock valued at $911,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in Invesco by 2.8% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 81,751 shares of the asset manager’s stock valued at $2,171,000 after purchasing an additional 2,198 shares during the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.

A number of analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 9th. Credit Suisse Group reduced their price objective on Invesco from $41.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, July 13th. Keefe, Bruyette & Woods cut Invesco from an “outperform” rating to a “market perform” rating in a research report on Friday, July 13th. JPMorgan Chase & Co. reduced their price objective on Invesco from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Finally, Barclays reduced their price objective on Invesco from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.73.

Shares of NYSE:IVZ opened at $20.88 on Friday. Invesco Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $38.43. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.92 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The company had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Invesco Ltd. will post 2.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. Invesco’s dividend payout ratio is currently 44.44%.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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