Retirement Planning Co of New England Inc. Decreases Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Retirement Planning Co of New England Inc. lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,884 shares of the asset manager’s stock after selling 1,188 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Invesco were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gold Investment Management Ltd. raised its position in Invesco by 2.4% during the fourth quarter. Gold Investment Management Ltd. now owns 54,867 shares of the asset manager’s stock worth $959,000 after acquiring an additional 1,286 shares during the last quarter. Natixis Advisors LLC acquired a new position in Invesco during the fourth quarter worth about $214,000. Frank Rimerman Advisors LLC acquired a new position in Invesco during the fourth quarter worth about $354,000. Poinciana Advisors Group LLC acquired a new position in Invesco during the fourth quarter worth about $175,000. Finally, LBP AM SA acquired a new position in Invesco during the fourth quarter worth about $7,221,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ stock opened at $15.44 on Tuesday. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a 50 day moving average price of $17.38 and a 200 day moving average price of $17.48. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

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

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.31%. Invesco’s dividend payout ratio is currently 69.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IVZ shares. The Goldman Sachs Group lifted their target price on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen cut their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Barclays boosted their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $19.94.

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.