Redwood Investment Management LLC decreased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,174 shares of the asset manager's stock after selling 34,965 shares during the quarter. Redwood Investment Management LLC's holdings in Invesco were worth $2,861,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in shares of Invesco by 2.0% during 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 acquiring an additional 87,405 shares during the period. Marshall Wace LLP boosted 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 acquiring an additional 654,960 shares during the period. Seven Eight Capital LP acquired a new position in shares of Invesco during the second quarter valued at $576,000. Algert Global LLC acquired a new position in shares of Invesco during the second quarter valued at $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted 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 acquiring an additional 1,020 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.
Invesco Price Performance
Invesco stock traded down $0.20 during midday trading on Thursday, hitting $17.91. The company's stock had a trading volume of 3,054,193 shares, compared to its average volume of 4,138,144. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $18.94. The stock's 50-day moving average price is $17.82 and its 200-day moving average price is $16.63. The company has a market capitalization of $8.05 billion, a PE ratio of -19.54, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The business's revenue for the quarter was down 20.8% on a year-over-year basis. Analysts anticipate that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.58%. Invesco's dividend payout ratio (DPR) is presently -89.13%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target 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. Wells Fargo & Company lifted their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Finally, Evercore ISI lifted their price objective 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 research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.63.
View Our Latest Research Report on Invesco
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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