Invesco Ltd. (NYSE:IVZ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 48.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,423 shares of the asset manager’s stock after selling 46,089 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Invesco were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVZ. International Assets Investment Management LLC acquired a new stake in Invesco in the third quarter valued at $331,000. Allworth Financial LP grew its holdings in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Invesco by 75.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,576 shares of the asset manager’s stock valued at $610,000 after purchasing an additional 14,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco by 591.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 82,603 shares of the asset manager’s stock valued at $1,451,000 after purchasing an additional 70,653 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Invesco by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 52,316 shares of the asset manager’s stock valued at $918,000 after purchasing an additional 3,545 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the topic of several research reports. Argus upped their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Barclays increased their price objective on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Morgan Stanley increased their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have 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 $19.94.

Invesco Stock Performance

NYSE IVZ opened at $17.21 on Friday. The business’s 50-day moving average price is $17.82 and its 200 day moving average price is $17.56. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The company has a market capitalization of $7.73 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. 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 (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.77%. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.