Mitsubishi UFJ Asset Management Co. Ltd. Sells 151,078 Shares of Invesco Ltd. (NYSE:IVZ)

Mitsubishi UFJ Asset Management Co. Ltd. cut its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 36.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,055 shares of the asset manager's stock after selling 151,078 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Invesco worth $4,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IVZ. Dimensional Fund Advisors LP increased its stake in shares of Invesco by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager's stock worth $246,163,000 after acquiring an additional 2,592,039 shares during the last quarter. Northern Trust Corp increased its position in Invesco by 30.7% in the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager's stock worth $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. AQR Capital Management LLC increased its position in Invesco by 52.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager's stock worth $33,919,000 after purchasing an additional 799,977 shares during the last quarter. Swiss National Bank acquired a new position in Invesco in the 4th quarter worth about $11,830,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Invesco in the 4th quarter worth about $9,259,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE:IVZ traded up $0.02 during mid-day trading on Monday, hitting $16.02. 3,135,872 shares of the company's stock traded hands, compared to its average volume of 4,765,165. The firm has a 50 day moving average of $15.60 and a two-hundred day moving average of $15.72. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -21.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.38 EPS. Invesco's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. This is an increase from Invesco's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.12%. Invesco's dividend payout ratio is presently -109.33%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research reports. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research report on Monday, May 13th. Wells Fargo & Company dropped their target price on Invesco from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 24th. TD Cowen dropped their target price on Invesco from $21.00 to $19.50 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $17.00 target price (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 17th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.79.

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.