Numerai GP LLC Reduces Position in Invesco Ltd. (NYSE:IVZ)

Numerai GP LLC trimmed its holdings in Invesco Ltd. (NYSE:IVZ) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,887 shares of the asset manager’s stock after selling 6,452 shares during the quarter. Numerai GP LLC’s holdings in Invesco were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Norges Bank bought a new position in Invesco in the 4th quarter valued at $57,459,000. AQR Capital Management LLC boosted its stake in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after purchasing an additional 2,264,551 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Invesco by 2,385.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after purchasing an additional 1,642,645 shares during the last quarter. Amundi increased its stake in Invesco by 124.6% in the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after buying an additional 1,472,178 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Invesco by 58.6% during the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock valued at $58,289,000 after buying an additional 1,232,359 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

IVZ stock opened at $15.33 on Friday. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $16.54.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is currently 67.20%.

Analysts Set New Price Targets

A number of brokerages have commented on IVZ. Bank of America dropped their target price on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Citigroup dropped their price objective on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Barclays lifted their target price on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. Finally, BMO Capital Markets raised their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $17.25.

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.