Trexquant Investment LP reduced its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,253 shares of the asset manager's stock after selling 76,492 shares during the period. Trexquant Investment LP owned about 0.13% of Invesco worth $10,195,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the third quarter valued at $35,000. Crews Bank & Trust acquired a new stake in Invesco in the 4th quarter valued at about $44,000. Assetmark Inc. increased its holdings in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Invesco by 133.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after acquiring an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Invesco in the fourth quarter valued at about $123,000. 66.09% of the stock is owned by institutional investors and hedge funds.
Invesco Trading Down 2.6 %
Shares of NYSE IVZ traded down $0.33 during midday trading on Monday, hitting $12.48. The stock had a trading volume of 3,681,140 shares, compared to its average volume of 4,119,285. The company has a fifty day moving average price of $16.85 and a 200 day moving average price of $17.37. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 1-year low of $11.88 and a 1-year high of $19.55. 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 (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.57%. Invesco's payout ratio is currently 69.49%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. UBS Group boosted their price target on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Barclays raised their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Argus upped their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. TD Cowen reduced their price target on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Invesco currently has an average rating of "Hold" and a consensus target price of $19.30.
Check Out Our Latest Research Report on IVZ
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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