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

Aviance Capital Partners LLC reduced its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 81.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Several other hedge funds have also recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco during the 3rd quarter worth approximately $1,428,196,000. Azora Capital LP acquired a new stake in Invesco during the 3rd quarter worth approximately $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock worth $15,982,000 after buying an additional 516,622 shares during the period. Algert Global LLC boosted its position in Invesco by 1,207.8% during the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager's stock worth $8,451,000 after buying an additional 444,470 shares during the period. Finally, Ieq Capital LLC boosted its position in Invesco by 635.9% during the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager's stock worth $8,569,000 after buying an additional 423,621 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Down 0.1 %

IVZ stock traded down $0.02 during midday trading on Wednesday, reaching $15.23. 10,919,244 shares of the company's stock traded hands, compared to its average volume of 4,666,781. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.98 and a beta of 1.43. The firm's fifty day moving average price is $17.57 and its 200-day moving average price is $17.53. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55.

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Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

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 of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.39%. Invesco's payout ratio is 69.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IVZ shares. TD Cowen dropped their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Finally, BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. 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. Based on data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus price target of $19.94.

Invesco 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.