UBS Group AG Sells 565,777 Shares of Invesco Ltd. $IVZ

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UBS Group AG has reduced its stake in Invesco Ltd. by 16.6%, selling 565,777 shares and now owning 2,841,830 shares valued at approximately $74.7 million. Despite Invesco missing Q4 EPS and revenue estimates, its revenue increased 14% year-over-year, and the company recently raised its quarterly dividend to $0.215, offering a 3.3% yield. Analysts generally rate Invesco as “Hold” with an average target price of $27.29.

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