Mutual of America Capital Management LLC Trims Position in Invesco Ltd. (NYSE:IVZ)

Mutual of America Capital Management LLC decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,415 shares of the asset manager’s stock after selling 1,311 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Invesco were worth $973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after buying an additional 3,349,069 shares during the period. Swedbank AB purchased a new position in shares of Invesco during the 1st quarter worth about $41,475,000. Marshall Wace LLP boosted its position in shares of Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after acquiring an additional 654,960 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Invesco by 19.0% in the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock worth $35,274,000 after acquiring an additional 377,786 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in Invesco in the third quarter valued at approximately $4,889,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 2.3 %

NYSE IVZ opened at $18.15 on Tuesday. The stock has a market cap of $8.16 billion, a P/E ratio of -19.72, a PEG ratio of 1.02 and a beta of 1.44. The company’s fifty day simple moving average is $17.68 and its 200-day simple moving average is $16.53. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 52 week low of $13.53 and a 52 week high of $18.94.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio is currently -89.13%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVZ. Evercore ISI increased their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, UBS Group lifted their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and an average price target of $18.63.

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.