Point72 DIFC Ltd Sells 43,673 Shares of Invesco Ltd. (NYSE:IVZ)

Point72 DIFC Ltd trimmed its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 65.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,085 shares of the asset manager's stock after selling 43,673 shares during the quarter. Point72 DIFC Ltd's holdings in Invesco were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Azora Capital LP purchased a new stake in Invesco in the third quarter worth approximately $27,289,000. Marshall Wace LLP grew its position in 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 purchasing an additional 654,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock valued at $15,982,000 after buying an additional 516,622 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Invesco by 1,207.8% during the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager's stock valued at $8,451,000 after buying an additional 444,470 shares during the period. Institutional investors own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IVZ. Barclays lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Royal Bank of Canada raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Invesco has a consensus rating of "Hold" and an average price target of $18.63.

Invesco Price Performance

Invesco stock traded down $0.07 during mid-day trading on Friday, hitting $17.83. The stock had a trading volume of 2,320,786 shares, compared to its average volume of 2,998,342. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average is $17.82 and its 200 day moving average is $16.65.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) 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 quarter last year, the business posted $0.35 earnings per share. The firm's revenue was down 20.8% on a year-over-year basis. On average, sell-side analysts expect that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Thursday, November 14th. Invesco's dividend payout ratio (DPR) is presently -89.13%.

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.