D. E. Shaw & Co. Inc. Sells 18,992 Shares of Invesco Ltd. (NYSE:IVZ)

D. E. Shaw & Co. Inc. cut its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,195 shares of the asset manager's stock after selling 18,992 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Invesco were worth $1,612,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after purchasing an additional 1,232,359 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Invesco by 113.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 32,866 shares of the asset manager's stock valued at $574,000 after acquiring an additional 17,500 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Invesco by 10.5% in the fourth quarter. EP Wealth Advisors LLC now owns 11,685 shares of the asset manager's stock valued at $204,000 after acquiring an additional 1,107 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Invesco during the fourth quarter worth approximately $38,000. Finally, Crestline Management LP acquired a new position in Invesco in the 4th quarter valued at $893,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 1.4%

Shares of Invesco stock traded down $0.20 during trading on Friday, reaching $14.38. 4,199,111 shares of the company traded hands, compared to its average volume of 4,295,554. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The company has a 50 day moving average price of $14.25 and a 200-day moving average price of $16.41. The firm has a market capitalization of $6.44 billion, a PE ratio of 12.19, a P/E/G ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is 67.20%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada initiated coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Argus boosted their price target on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Evercore ISI raised their target price on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Citigroup cut their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. cut their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus price target of $17.25.

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.