Jump Financial LLC Sells 216,104 Shares of Invesco Ltd. (NYSE:IVZ)

Jump Financial LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 54.9% during the 4th quarter, Holdings Channel reports. The fund owned 177,610 shares of the asset manager’s stock after selling 216,104 shares during the period. Jump Financial LLC’s holdings in Invesco were worth $3,105,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IVZ. MML Investors Services LLC increased its holdings in shares of Invesco by 21.7% during the third quarter. MML Investors Services LLC now owns 25,868 shares of the asset manager’s stock valued at $454,000 after acquiring an additional 4,620 shares in the last quarter. Barclays PLC grew its position in Invesco by 1.5% in the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock valued at $41,516,000 after purchasing an additional 35,031 shares during the period. Sanctuary Advisors LLC increased its stake in Invesco by 255.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock valued at $706,000 after purchasing an additional 28,584 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco during the third quarter worth $35,000. Finally, Franklin Resources Inc. lifted its stake in shares of Invesco by 136.2% in the third quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock valued at $2,265,000 after buying an additional 73,671 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IVZ shares. The Goldman Sachs Group decreased their target price on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday. Morgan Stanley lowered their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays lowered their price target on Invesco from $20.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $17.03.

Invesco Stock Performance

NYSE IVZ opened at $12.78 on Friday. The company has a 50-day simple moving average of $15.53 and a two-hundred day simple moving average of $17.02. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 6.42%. Invesco’s dividend payout ratio is currently 69.49%.

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.