Cinctive Capital Management LP Has $1.48 Million Position in Invesco Ltd. (NYSE:IVZ)

Cinctive Capital Management LP trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ) by 84.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,430 shares of the asset manager’s stock after selling 447,106 shares during the quarter. Cinctive Capital Management LP’s holdings in Invesco were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its stake in shares of Invesco by 217.6% in the 1st quarter. Cetera Advisors LLC now owns 42,464 shares of the asset manager’s stock valued at $704,000 after acquiring an additional 29,095 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Invesco by 11.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after purchasing an additional 1,010 shares in the last quarter. GAMMA Investing LLC grew its holdings in Invesco by 208.7% during the 2nd quarter. GAMMA Investing LLC now owns 14,804 shares of the asset manager’s stock worth $221,000 after acquiring an additional 10,008 shares during the last quarter. Mather Group LLC. grew its stake in shares of Invesco by 10.7% in the second quarter. Mather Group LLC. now owns 26,001 shares of the asset manager’s stock worth $431,000 after purchasing an additional 2,519 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Invesco by 37.4% in the second quarter. CWM LLC now owns 14,198 shares of the asset manager’s stock valued at $212,000 after buying an additional 3,863 shares during the period. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on IVZ shares. The Goldman Sachs Group lifted their price objective on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target 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. Wells Fargo & Company boosted their target price 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. JPMorgan Chase & Co. raised their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. One equities 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’s stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $18.63.

Invesco Stock Down 0.8 %

Shares of NYSE:IVZ opened at $17.94 on Wednesday. The firm has a market capitalization of $8.06 billion, a PE ratio of -19.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. 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 Ltd. has a 52-week low of $14.16 and a 52-week high of $18.94. The firm has a fifty day moving average of $17.79 and a 200 day moving average of $16.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders 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 4.57%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Invesco Company 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.