Quadrature Capital Ltd Sells 88,114 Shares of Invesco Ltd. (NYSE:IVZ)

Quadrature Capital Ltd lessened its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 81.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,494 shares of the asset manager's stock after selling 88,114 shares during the period. Quadrature Capital Ltd's holdings in Invesco were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted 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 worth $79,738,000 after buying an additional 87,405 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock valued at $18,269,000 after purchasing an additional 654,960 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Invesco during the second quarter valued at approximately $576,000. Algert Global LLC purchased a new position in shares of Invesco during the second quarter valued at approximately $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised 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. Institutional investors own 66.09% of the company's stock.

Invesco Price Performance

Shares of IVZ traded up $0.15 during mid-day trading on Tuesday, reaching $18.51. The stock had a trading volume of 2,772,043 shares, compared to its average volume of 4,129,494. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of -19.96, a PEG ratio of 1.03 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $18.94. The business has a fifty day moving average of $17.84 and a 200 day moving average of $16.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

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

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.43%. Invesco's dividend payout ratio is -89.13%.

Wall Street Analysts Forecast Growth

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

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.