Robeco Institutional Asset Management B.V. Sells 985,772 Shares of Invesco Ltd. (NYSE:IVZ)

Robeco Institutional Asset Management B.V. reduced its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 79.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 252,953 shares of the asset manager's stock after selling 985,772 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Invesco worth $4,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Gables Capital Management Inc. grew its stake in shares of Invesco by 74.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock valued at $29,000 after buying an additional 700 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Invesco during the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. grew its stake in shares of Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock valued at $36,000 after buying an additional 1,000 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Invesco during the 3rd quarter valued at $32,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Invesco during the 3rd quarter valued at $36,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Down 0.3 %

Shares of IVZ traded down $0.05 during midday trading on Tuesday, hitting $15.97. The company had a trading volume of 1,965,618 shares, compared to its average volume of 4,736,597. The company's 50 day moving average price is $15.60 and its 200 day moving average price is $15.72. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -21.36, a PEG ratio of 1.21 and a beta of 1.45. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ - Get Free Report) last released 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). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. Invesco's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. On average, equities research analysts predict that Invesco Ltd. will post 1.64 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Monday, May 13th. This is an increase from Invesco's previous quarterly dividend of $0.20. Invesco's dividend payout ratio is currently -109.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IVZ shares. Wells Fargo & Company lowered their price objective on shares of Invesco from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $17.00 to $16.50 and set a "neutral" rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets restated a "market perform" rating and set a $17.00 target price (down previously from $18.00) on shares of Invesco in a report on Wednesday, April 24th. TD Cowen reduced their target price on shares of Invesco from $21.00 to $19.50 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Finally, UBS Group reduced their target price on shares of Invesco from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Invesco has a consensus rating of "Hold" and a consensus price target of $16.79.

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.