Xponance Inc. Sells 12,184 Shares of Invesco Ltd. (NYSE:IVZ)

Xponance Inc. lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 58,280 shares of the asset manager’s stock after selling 12,184 shares during the quarter. Xponance Inc.’s holdings in Invesco were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp lifted its position in Invesco by 30.7% during the third 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 period. AQR Capital Management LLC lifted its holdings in shares of Invesco by 52.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after acquiring an additional 799,977 shares during the period. Deutsche Bank AG boosted its position in shares of Invesco by 26.4% during the 3rd quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after acquiring an additional 402,098 shares in the last quarter. Barclays PLC increased its stake in Invesco by 36.1% in the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock valued at $26,907,000 after acquiring an additional 492,032 shares during the last quarter. Finally, UBS Group AG raised its position in Invesco by 0.9% during the third quarter. UBS Group AG now owns 1,685,054 shares of the asset manager’s stock valued at $24,467,000 after purchasing an additional 14,242 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

Shares of Invesco stock opened at $14.51 on Friday. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of -19.35, a P/E/G ratio of 0.96 and a beta of 1.44. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The company’s fifty day moving average is $15.70 and its 200 day moving average is $15.43. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Invesco Ltd. will post 1.75 EPS for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders 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 yield of 5.65%. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is currently -106.67%.

Analyst Ratings Changes

IVZ has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 target price (down previously from $19.00) on shares of Invesco in a report on Wednesday. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. The Goldman Sachs Group lowered their target price on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company reduced their price target on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group decreased their price target 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.