Cinctive Capital Management LP Decreases Holdings in Invesco Ltd. (NYSE:IVZ)

Cinctive Capital Management LP cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 84.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,430 shares of the asset manager's stock after selling 447,106 shares during the period. Cinctive Capital Management LP's holdings in Invesco were worth $1,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Marshall Wace LLP raised its position in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock worth $18,269,000 after buying an additional 654,960 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Invesco during the second quarter valued at about $576,000. Algert Global LLC bought a new stake in Invesco in the second quarter valued at about $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock valued at $1,378,000 after purchasing an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Trading Up 0.9 %

Shares of Invesco stock traded up $0.16 during trading on Wednesday, reaching $18.10. 2,786,752 shares of the company were exchanged, compared to its average volume of 4,142,777. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of -19.50, a P/E/G ratio of 1.04 and a beta of 1.43. The business has a 50-day moving average price of $17.80 and a 200-day moving average price of $16.62. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company's quarterly revenue was down 20.8% on a year-over-year basis. Sell-side analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.53%. Invesco's payout ratio is -89.13%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IVZ shares. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. The Goldman Sachs Group increased their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. UBS Group raised their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.63.

Invesco Company 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.