Corebridge Financial Inc. Reduces Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Corebridge Financial Inc. trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,836 shares of the asset manager’s stock after selling 5,263 shares during the period. Corebridge Financial Inc.’s holdings in Invesco were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter worth $35,000. Crews Bank & Trust bought a new position in Invesco during the fourth quarter worth about $44,000. Assetmark Inc. increased its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after buying an additional 2,136 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Invesco during the fourth quarter worth $123,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IVZ has been the subject of several recent research reports. Citigroup reduced their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company lifted their target price on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.66.

Invesco Stock Up 3.6 %

IVZ opened at $15.73 on Thursday. The business’s fifty day simple moving average is $17.02 and its 200 day simple moving average is $17.41. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.04 billion, a PE ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 1.43.

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

Invesco Dividend Announcement

The firm also recently declared 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. This represents a $0.82 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

About Invesco

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.