Wealthcare Capital Management LLC Sells 33,000 Shares of Invesco Ltd. $IVZ

Wealthcare Capital Management LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 6.2% during the fourth quarter, Holdings Channel reports. The fund owned 498,545 shares of the asset manager’s stock after selling 33,000 shares during the period. Invesco makes up 1.3% of Wealthcare Capital Management LLC’s holdings, making the stock its 9th largest holding. Wealthcare Capital Management LLC’s holdings in Invesco were worth $13,097,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wedmont Private Capital lifted its holdings in shares of Invesco by 2.2% during the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after acquiring an additional 456 shares during the period. Parallel Advisors LLC boosted its position in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Invesco by 0.6% in the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after acquiring an additional 474 shares during the last quarter. CI Investments Inc. lifted its stake in Invesco by 21.5% during the third quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock worth $64,000 after purchasing an additional 491 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Invesco by 4.1% in the 3rd quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock valued at $295,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 0.1%

Shares of NYSE:IVZ opened at $24.16 on Friday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a market capitalization of $10.72 billion, a PE ratio of -15.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The company has a fifty day moving average of $25.36 and a 200-day moving average of $25.09.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.Invesco’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio (DPR) is presently -52.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IVZ shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. TD Cowen set a $34.50 price objective on Invesco in a research note on Wednesday, January 28th. Morgan Stanley decreased their target price on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Argus set a $31.00 target price on shares of Invesco in a report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.25.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.