Invesco Ltd. (NYSE:IVZ) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 58.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,758 shares of the asset manager’s stock after selling 92,067 shares during the period. Point72 DIFC Ltd’s holdings in Invesco were worth $999,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in Invesco by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager’s stock worth $7,718,000 after acquiring an additional 44,417 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Invesco in the first quarter valued at approximately $2,066,000. Price T Rowe Associates Inc. MD increased its stake in Invesco by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after buying an additional 58,332 shares during the period. Norges Bank purchased a new stake in Invesco during the 4th quarter worth approximately $59,713,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Invesco by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock worth $1,353,000 after buying an additional 6,994 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of NYSE IVZ opened at $17.55 on Wednesday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.28. The firm’s 50 day moving average price is $16.55 and its 200 day moving average price is $15.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. Invesco’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IVZ shares. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Barclays assumed coverage on shares of Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price target for the company. The Goldman Sachs Group reduced their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Evercore ISI boosted their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company started coverage on Invesco in a research note on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.98.

Invesco 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.