Two Sigma Investments LP Trims Stock Position in Invesco Ltd. (NYSE:IVZ)

Two Sigma Investments LP lessened its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,333,706 shares of the asset manager's stock after selling 379,405 shares during the period. Two Sigma Investments LP owned 0.52% of Invesco worth $40,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC acquired a new stake in Invesco during the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco during the 4th quarter worth $44,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the 4th quarter worth about $52,000. Finally, Assetmark Inc. increased its position in shares of Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Stock Down 1.4%

Shares of NYSE IVZ traded down $0.20 during mid-day trading on Monday, hitting $14.38. The company had a trading volume of 4,199,111 shares, compared to its average volume of 4,295,554. The company has a market capitalization of $6.44 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The business's 50-day simple moving average is $14.25 and its 200 day simple moving average is $16.39. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. 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 (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the business earned $0.33 EPS. On average, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.84%. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio is presently 67.20%.

Analyst Ratings Changes

IVZ has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price objective on shares of Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. UBS Group lifted their target price on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus target price 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.