Quadrature Capital Ltd Trims Stake in Invesco Ltd. (NYSE:IVZ)

Quadrature Capital Ltd lessened its stake in Invesco Ltd. (NYSE:IVZ) by 81.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,494 shares of the asset manager’s stock after selling 88,114 shares during the period. Quadrature Capital Ltd’s holdings in Invesco were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harmony Asset Management LLC boosted its holdings in Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after buying an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in shares of Invesco by 3.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after acquiring an additional 669 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after acquiring an additional 946 shares during the period. Fifth Third Bancorp increased its stake in shares of Invesco by 6.1% in the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Up 3.0 %

Shares of Invesco stock opened at $18.37 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock’s 50 day simple moving average is $17.84 and its 200-day simple moving average is $16.68. The stock has a market cap of $8.25 billion, a P/E ratio of -19.96, a P/E/G ratio of 1.03 and a beta of 1.43. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $18.94.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 20.8% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.47%. Invesco’s payout ratio is -89.13%.

Analyst Ratings Changes

IVZ has been the topic of several research analyst reports. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $18.63.

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.