Aviance Capital Partners LLC Sells 55,289 Shares of Invesco Ltd. (NYSE:IVZ)

Aviance Capital Partners LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 81.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,802 shares of the asset manager’s stock after selling 55,289 shares during the quarter. Aviance Capital Partners LLC’s holdings in Invesco were worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco in the third quarter valued at $1,428,196,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after buying an additional 14,489 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Invesco by 4.5% in the fourth 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 buying an additional 113,451 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Invesco by 867.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 83,108 shares of the asset manager’s stock valued at $1,469,000 after buying an additional 74,518 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on IVZ shares. Royal Bank of Canada started coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock. TD Cowen dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Argus raised their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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 research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Performance

NYSE IVZ opened at $15.67 on Friday. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The company has a 50-day simple moving average of $17.70 and a 200 day simple moving average of $17.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $7.04 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

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, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm 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 of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.23%. Invesco’s payout ratio is 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.