Quantbot Technologies LP Has $1.41 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Quantbot Technologies LP decreased its position in shares of Invesco Ltd. (NYSE:IVZ) by 69.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 80,216 shares of the asset manager’s stock after selling 183,809 shares during the quarter. Quantbot Technologies LP’s holdings in Invesco were worth $1,409,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IVZ. Avior Wealth Management LLC raised its position in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Invesco in the 2nd quarter valued at $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 2nd quarter valued at $30,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Invesco in the 2nd quarter valued at $61,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on IVZ shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group upped their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.63.

Invesco Trading Up 0.3 %

Shares of NYSE:IVZ opened at $18.10 on Friday. Invesco Ltd. has a 52-week low of $14.14 and a 52-week high of $18.94. The company has a market capitalization of $8.13 billion, a P/E ratio of -19.72, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44. The company has a 50-day simple moving average of $17.75 and a 200 day simple moving average of $16.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue was down 20.8% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Sell-side analysts forecast that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.53%. Invesco’s dividend payout ratio is currently -89.13%.

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.