Mutual of America Capital Management LLC Sells 1,572 Shares of Invesco Ltd. (NYSE:IVZ)

Mutual of America Capital Management LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZ) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,843 shares of the asset manager’s stock after selling 1,572 shares during the period. Mutual of America Capital Management LLC’s holdings in Invesco were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IVZ. Van ECK Associates Corp acquired a new position in Invesco in the 3rd quarter valued at $2,790,000. Asset Management One Co. Ltd. boosted its holdings in Invesco by 24.9% during the third quarter. Asset Management One Co. Ltd. now owns 8,590 shares of the asset manager’s stock valued at $151,000 after acquiring an additional 1,710 shares during the period. Principal Financial Group Inc. grew its position in shares of Invesco by 3.3% in the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after purchasing an additional 16,473 shares during the last quarter. Versor Investments LP bought a new position in shares of Invesco in the third quarter worth about $882,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Invesco during the 3rd quarter worth about $271,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. UBS Group raised their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Down 0.5 %

Shares of IVZ opened at $15.67 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $17.56. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 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%. Equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.23%. 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.