Quantbot Technologies LP reduced its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 69.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,216 shares of the asset manager's stock after selling 183,809 shares during the quarter. Quantbot Technologies LP's holdings in Invesco were worth $1,409,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of IVZ. Avior Wealth Management LLC raised its stake in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after buying an additional 1,285 shares during the last quarter. Family Firm Inc. acquired a new stake in Invesco during the 2nd quarter worth $28,000. Sentry Investment Management LLC purchased a new position in Invesco in the 2nd quarter worth approximately $30,000. Allworth Financial LP boosted its stake in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after buying an additional 1,806 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Invesco in the 2nd quarter valued at about $61,000. Hedge funds and other institutional investors own 66.09% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. The Goldman Sachs Group upped their price target on Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Wells Fargo & Company raised their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.63.
Check Out Our Latest Report on Invesco
Invesco Price Performance
IVZ traded up $0.05 on Friday, reaching $18.09. The company had a trading volume of 1,149,820 shares, compared to its average volume of 4,154,756. Invesco Ltd. has a one year low of $14.14 and a one year high of $18.94. The company has a market capitalization of $8.13 billion, a P/E ratio of -19.66, a PEG ratio of 1.04 and a beta of 1.44. The company has a fifty day moving average of $17.77 and a 200-day moving average of $16.59. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm posted $0.35 earnings per share. The business's revenue was down 20.8% on a year-over-year basis. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.69 earnings per share for the current year.
Invesco Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's dividend payout ratio is presently -89.13%.
About Invesco
(
Free Report)
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.
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