Signaturefd LLC Trims Holdings in Invesco Ltd. (NYSE:IVZ)

Signaturefd LLC reduced its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 reporting period.

Several other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of Invesco by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 141,469 shares of the asset manager’s stock worth $2,484,000 after purchasing an additional 6,134 shares in the last quarter. Pathstone Holdings LLC raised its stake in Invesco by 8.1% during the third quarter. Pathstone Holdings LLC now owns 108,054 shares of the asset manager’s stock valued at $1,897,000 after buying an additional 8,101 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco by 16.0% in the third quarter. PNC Financial Services Group Inc. now owns 102,126 shares of the asset manager’s stock worth $1,793,000 after acquiring an additional 14,098 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Invesco by 61.0% during the third quarter. Advisors Asset Management Inc. now owns 18,066 shares of the asset manager’s stock valued at $317,000 after acquiring an additional 6,843 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their target price on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.94.

Invesco Price Performance

Shares of NYSE:IVZ opened at $15.34 on Friday. 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 stock 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 firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $17.43. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55.

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

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s payout ratio is 69.49%.

About Invesco

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.