Invesco Ltd. $IVZ Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC significantly reduced its stake in Invesco Ltd. by 81.0%, selling 80,856 shares and ending with 19,013 shares valued at $288,000.
• AQR Capital Management, Northern Trust Corp, and AllianceBernstein each increased their holdings in Invesco, with AQR boosting its stake by 35.4% during the same period.
• Invesco reported a quarterly earnings per share (EPS) of $0.36, missing the estimate of $0.41, but had a revenue of $1.10 billion, slightly above expectations.

Teza Capital Management LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 81.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,013 shares of the asset manager's stock after selling 80,856 shares during the period. Teza Capital Management LLC's holdings in Invesco were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IVZ. Ameriprise Financial Inc. lifted its stake in shares of Invesco by 2.4% in the 4th quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager's stock valued at $6,840,000 after purchasing an additional 9,018 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Invesco by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 97,394 shares of the asset manager's stock valued at $1,702,000 after purchasing an additional 1,556 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Invesco by 27.6% in the 4th quarter. Captrust Financial Advisors now owns 71,748 shares of the asset manager's stock valued at $1,254,000 after purchasing an additional 15,534 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Invesco by 10.5% during the 4th quarter. EP Wealth Advisors LLC now owns 11,685 shares of the asset manager's stock worth $204,000 after acquiring an additional 1,107 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Invesco by 113.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 32,866 shares of the asset manager's stock worth $574,000 after acquiring an additional 17,500 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IVZ shares. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and increased their target price for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Evercore ISI reissued a "positive" rating on shares of Invesco in a research note on Friday, September 5th. The Goldman Sachs Group increased their target price on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Morgan Stanley increased their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Zacks Research upgraded Invesco to a "hold" rating in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $19.38.

Invesco Stock Down 0.5%

NYSE IVZ traded down $0.12 during trading hours on Friday, hitting $22.43. 2,512,728 shares of the company were exchanged, compared to its average volume of 3,450,205. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $22.78. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.25 and a beta of 1.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $20.61 and a two-hundred day moving average of $16.78.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The company's revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. Invesco's dividend payout ratio is presently 90.32%.

Insider Activity at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the transaction, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This represents a 77.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.21% of the company's stock.

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.