Jump Financial LLC Sells 216,104 Shares of Invesco Ltd. (NYSE:IVZ)

Jump Financial LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 54.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,610 shares of the asset manager's stock after selling 216,104 shares during the period. Jump Financial LLC's holdings in Invesco were worth $3,105,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Bridgewater Associates LP purchased a new stake in Invesco during the fourth quarter worth about $1,551,000. Mariner LLC increased its holdings in Invesco by 20.0% during the fourth quarter. Mariner LLC now owns 97,895 shares of the asset manager's stock worth $1,711,000 after buying an additional 16,299 shares during the last quarter. Barclays PLC increased its holdings in Invesco by 12.6% during the fourth quarter. Barclays PLC now owns 2,662,773 shares of the asset manager's stock worth $46,543,000 after buying an additional 298,599 shares during the last quarter. Townsquare Capital LLC purchased a new stake in Invesco during the fourth quarter worth about $234,000. Finally, Sterling Capital Management LLC increased its holdings in Invesco by 466.3% during the fourth quarter. Sterling Capital Management LLC now owns 78,881 shares of the asset manager's stock worth $1,379,000 after buying an additional 64,951 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Price Performance

NYSE:IVZ traded up $0.13 during midday trading on Wednesday, hitting $13.62. The company had a trading volume of 2,485,681 shares, compared to its average volume of 5,423,989. The stock's fifty day moving average price is $15.20 and its 200-day moving average price is $16.92. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a market capitalization of $6.10 billion, a PE ratio of 11.54, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.02%. Invesco's payout ratio is 69.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America reduced their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Evercore ISI lifted their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday. Wells Fargo & Company reduced their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Invesco presently has an average rating of "Hold" and an average target price of $17.25.

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.