Signaturefd LLC Sells 1,102 Shares of Invesco Ltd. (NYSE:IVZ)

Signaturefd LLC lowered its position in Invesco Ltd. (NYSE:IVZ) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,209 shares of the asset manager’s stock after selling 1,102 shares during the period. Signaturefd LLC’s holdings in Invesco were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IVZ. Fisher Asset Management LLC raised its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Invesco during the fourth quarter valued at $735,000. Bank of New York Mellon Corp increased its holdings in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after acquiring an additional 113,451 shares during the last quarter. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco in the 3rd quarter worth $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Invesco by 41.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after purchasing an additional 14,489 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IVZ shares. Argus boosted their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. UBS Group raised their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their target price on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Invesco has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Down 1.2 %

Shares of NYSE:IVZ opened at $15.34 on Friday. The firm has a market capitalization of $6.86 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The business has a 50 day simple moving average of $17.26 and a two-hundred day simple moving average of $17.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is presently 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.