Olstein Capital Management Sells Shares in Invesco Ltd.

Olstein Capital Management L.P. reduced its holdings in Invesco Ltd. (NYSE:IVZ) by 4.5% during the fourth quarter, based on its latest filing with the Securities and Exchange Commission. After selling 21,996 shares during this period, the fund now owns a total of 470,000 shares of the asset management company's stock. Invesco represents approximately 1.4% of Olstein Capital Management L.P.'s portfolio, making it the 21st largest position within the fund. By the end of the latest reporting cycle, Olstein Capital Management L.P. owned about 0.10% of Invesco, which is valued at $8,216,000.

Institutional Investment Activity

Other institutional investors and hedge funds have also been active in buying and selling shares of Invesco. For instance, Avior Wealth Management LLC significantly increased its stake in Invesco by 484.9% during the third quarter, now owning 1,550 shares worth $27,000 after acquiring an additional 1,285 shares. Wilmington Savings Fund Society FSB entered a new position valued at approximately $35,000 in the same quarter. Allworth Financial LP raised its holdings by 304.0%, now having 2,400 shares valued at $42,000 after adding 1,806 shares. Additionally, Truvestments Capital LLC and True Wealth Design LLC both established new positions in Invesco, with values of $76,000 and $77,000 respectively. In total, institutional investors and hedge funds hold 66.09% of Invesco's shares.

Analysts' Perspectives

Recently, several research analysts have provided updates on Invesco. The Goldman Sachs Group adjusted its target price from $19.25 to $19.00 while maintaining a "neutral" rating. Barclays also lowered its price target from $19.00 to $18.00, applying an "equal weight" rating. Keefe, Bruyette & Woods similarly decreased its price target from $19.00 to $18.00, assigning a "market perform" rating. Conversely, Evercore ISI raised its price objective to $20.00 and issued an "in-line" rating. UBS Group also lifted its target from $17.50 to $19.00, keeping a "neutral" stance. Overall, one analyst has rated the stock as a sell, eleven have rated it as hold, and only one has given it a buy rating. According to MarketBeat.com, Invesco currently holds a consensus rating of "Hold" with an average target price of $18.71.

Invesco Stock Performance

As of Friday, shares of Invesco (NYSE:IVZ) opened at $17.62. The company boasts a market capitalization of $7.92 billion, a P/E ratio of -19.15, a PEG ratio of 1.06, and a beta of 1.43. Invesco has seen a 52-week low of $14.16 and a high of $18.94. The business's 50-day and 200-day simple moving averages are $17.59 and $17.23, respectively. Furthermore, it has a debt-to-equity ratio of 0.66, with both its quick and current ratios reported at 4.91.

About Invesco

Invesco Ltd. is a publicly traded investment management firm. The company provides services to a wide range of clients including retail investors, institutions, high-net-worth individuals, public entities, corporations, non-profits, endowments, foundations, pension plans, financial institutions, and sovereign wealth funds.

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