Invesco Ltd. (NYSE:IVZ) Shares Sold by Numerai GP LLC

Numerai GP LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZ) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,887 shares of the asset manager’s stock after selling 6,452 shares during the period. Numerai GP LLC’s holdings in Invesco were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. grew its holdings in shares of Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Invesco by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after purchasing an additional 812 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Invesco by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock valued at $2,677,000 after purchasing an additional 835 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Invesco by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager’s stock worth $2,808,000 after purchasing an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IVZ shares. Citigroup dropped their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group increased their price objective on shares of Invesco from $15.00 to $15.25 and gave the stock a “neutral” rating in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Finally, Bank of America reduced their price objective on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and an average target price of $17.25.

Invesco Stock Performance

NYSE IVZ opened at $15.33 on Friday. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47. The stock has a 50-day moving average of $14.29 and a 200 day moving average of $16.54. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. Invesco’s dividend payout ratio is currently 67.20%.

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.