Quantbot Technologies LP Has $1.41 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Quantbot Technologies LP decreased its position in shares of Invesco Ltd. (NYSE:IVZ) by 69.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,216 shares of the asset manager’s stock after selling 183,809 shares during the period. Quantbot Technologies LP’s holdings in Invesco were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IVZ. Price T Rowe Associates Inc. MD lifted its position in shares of Invesco by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after buying an additional 58,332 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after buying an additional 654,960 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Invesco in the second quarter worth about $576,000. Finally, Algert Global LLC acquired a new stake in shares of Invesco in the second quarter worth about $551,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 0.3 %

Shares of IVZ opened at $18.10 on Friday. The company has a market capitalization of $8.13 billion, a P/E ratio of -19.72, a PEG ratio of 1.04 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a one year low of $14.14 and a one year high of $18.94. The business’s 50 day simple moving average is $17.75 and its 200-day simple moving average is $16.57.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion for 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%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio is -89.13%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IVZ. Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Royal Bank of Canada lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target of $18.63.

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.