Y Intercept Hong Kong Ltd Sells 37,977 Shares of Invesco Ltd. (NYSE:IVZ)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,512 shares of the asset manager's stock after selling 37,977 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Invesco were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the third quarter valued at about $1,428,196,000. Dimensional Fund Advisors LP boosted its position in shares of Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock worth $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Azora Capital LP bought a new position in shares of Invesco during the third quarter valued at $27,289,000. Marshall Wace LLP lifted its stake in shares of Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock worth $18,269,000 after buying an additional 654,960 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 purchasing an additional 516,622 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Performance

Shares of Invesco stock traded down $0.04 during trading hours on Wednesday, reaching $18.41. The company's stock had a trading volume of 2,661,839 shares, compared to its average volume of 4,131,891. The stock has a market cap of $8.27 billion, a P/E ratio of -20.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company's 50 day simple moving average is $17.86 and its 200 day simple moving average is $16.70. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. 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 released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco's revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, analysts expect that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed 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. This represents a $0.82 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Thursday, November 14th. Invesco's payout ratio is presently -89.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IVZ. Barclays raised their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price objective on Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Finally, Evercore ISI upped their target price on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus target price of $18.63.

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.