Quantbot Technologies LP Sells 19,559 Shares of Invesco Ltd. (NYSE:IVZ)

Quantbot Technologies LP lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,025 shares of the asset manager’s stock after selling 19,559 shares during the quarter. Quantbot Technologies LP’s holdings in Invesco were worth $3,950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Centennial Wealth Advisory LLC raised its position in Invesco by 3.8% during the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 669 shares in the last quarter. Jones Financial Companies Lllp raised its position in Invesco by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 766 shares in the last quarter. Wright Investors Service Inc. raised its position in Invesco by 2.1% during the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock valued at $776,000 after acquiring an additional 944 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Invesco by 40.2% in the fourth quarter. Parallel Advisors LLC now owns 3,343 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 959 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 1.5 %

IVZ opened at $16.25 on Tuesday. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $15.78. The company has a market capitalization of $7.31 billion, a P/E ratio of -21.67, a P/E/G ratio of 1.09 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, August 16th. Invesco’s payout ratio is -109.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IVZ shares. Evercore ISI lifted their price target on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Barclays assumed coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Wells Fargo & Company assumed coverage on shares of Invesco in a research note on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price objective on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.98.

Invesco Company 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.