Two Sigma Investments LP Cuts Holdings in Invesco Ltd. (NYSE:IVZ)

Two Sigma Investments LP reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,333,706 shares of the asset manager’s stock after selling 379,405 shares during the quarter. Two Sigma Investments LP owned 0.52% of Invesco worth $40,793,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Colonial Trust Co SC acquired a new position in Invesco during the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd increased its stake in shares of Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Invesco during the 4th quarter worth about $44,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Invesco during the 4th quarter worth about $52,000. Finally, Assetmark Inc. lifted its stake in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after buying an additional 2,770 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Citigroup decreased their price target on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Bank of America dropped their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen downgraded shares of Invesco from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.25.

Invesco Stock Performance

Invesco stock opened at $15.14 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The stock’s 50-day moving average is $14.30 and its 200-day moving average is $16.48.

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

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Wednesday, May 14th. Invesco’s dividend payout ratio is 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.