Mortgage
Citigroup Inc. has sold shares of Invesco Mortgage Capital Inc. (NYSE:IVR).
In the third quarter, Citigroup Inc. reduced its stake in Invesco Mortgage Capital Inc. by 62.9%, owning 17,242 shares worth $173,000. Other large investors, such as Natixis Advisors L.P., Penserra Capital Management LLC, Jupiter Asset Management Ltd., Victory Capital Management Inc., and Corton Capital Inc., also acquired stakes in the company. Invesco Mortgage Capital’s stock performance includes a 12-month low of $6.34 and a high of $12.37, with a market capitalization of $471.08 million. The company recently announced a quarterly dividend of $0.40 per share. UBS Group initiated coverage on the stock with a “neutral” rating and a $8.00 price target.
– Citigroup Inc. reduced its stake in Invesco Mortgage Capital by 62.9% in the third quarter
– Other large investors acquired stakes in the company
– Stock performance includes a 12-month low of $6.34 and a high of $12.37
– The company announced a quarterly dividend of $0.40 per share
– UBS Group initiated coverage on the stock with a “neutral” rating and a $8.00 price target
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