Invesco Ltd. (NYSE:IVZ) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its position in Invesco Ltd. (NYSE:IVZ) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,344 shares of the asset manager’s stock after selling 11,912 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Invesco were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco during the third quarter worth about $35,000. Aster Capital Management DIFC Ltd grew its stake in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust acquired a new position in Invesco in the 4th quarter valued at $44,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco during the 4th quarter worth $52,000. Finally, Assetmark Inc. boosted its holdings in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Up 0.5 %

Shares of NYSE:IVZ opened at $14.82 on Friday. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a 50 day moving average of $14.31 and a two-hundred day moving average of $16.59. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $0.33 EPS. As a group, analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.67%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco’s payout ratio is presently 67.20%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IVZ. UBS Group increased their target price on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Barclays raised their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 23rd. BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective for the company. Finally, TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $17.25.

Invesco 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.