Y Intercept Hong Kong Ltd Lowers Stock Position in Invesco Ltd. (NYSE:IVZ)

Y Intercept Hong Kong Ltd cut its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 48.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,423 shares of the asset manager's stock after selling 46,089 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Invesco were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its stake in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock valued at $79,738,000 after buying an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco in the 3rd quarter valued at approximately $1,428,196,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Invesco by 41.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock valued at $867,000 after acquiring an additional 14,489 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Invesco by 867.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 83,108 shares of the asset manager's stock worth $1,469,000 after purchasing an additional 74,518 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Invesco in the third quarter worth $853,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVZ. Wells Fargo & Company raised their target price on Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their target price on shares of Invesco from $19.00 to $20.75 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Evercore ISI lifted their price target on shares of Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.94.

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Invesco Stock Performance

Shares of NYSE:IVZ traded down $0.64 during midday trading on Monday, reaching $16.75. The company had a trading volume of 2,821,282 shares, compared to its average volume of 4,150,000. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The company's 50 day moving average price is $17.82 and its 200 day moving average price is $17.59. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.53 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

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.