Two Sigma Advisers LP Reduces Stake in Invesco Ltd. (NYSE:IVZ)

Two Sigma Advisers LP cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,302,500 shares of the asset manager’s stock after selling 120,300 shares during the quarter. Two Sigma Advisers LP’s holdings in Invesco were worth $57,992,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC increased its holdings in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. purchased a new position in Invesco during the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new stake in Invesco in the second quarter valued at $30,000. Allworth Financial LP grew its stake in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Invesco in the second quarter worth about $61,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of research reports. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. UBS Group boosted their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI boosted their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.63.

Invesco Price Performance

Shares of NYSE IVZ opened at $17.83 on Friday. 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 52-week low of $14.16 and a 52-week high of $18.94. The business has a fifty day moving average of $17.82 and a two-hundred day moving average of $16.65.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, research analysts forecast that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.60%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.