Sciencast Management LP Makes New $592,000 Investment in Invesco Ltd. (NYSE:IVZ)

Sciencast Management LP bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 33,873 shares of the asset manager's stock, valued at approximately $592,000.

A number of other institutional investors have also recently modified their holdings of IVZ. Harmony Asset Management LLC raised its stake in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock worth $1,078,000 after buying an additional 600 shares during the period. D.A. Davidson & CO. grew its position in shares of Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after purchasing an additional 677 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after purchasing an additional 710 shares during the period. Arizona State Retirement System increased its stake in shares of Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after purchasing an additional 812 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Invesco by 1.6% during the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock worth $1,346,000 after purchasing an additional 1,200 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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Invesco Stock Down 0.9 %

Shares of NYSE IVZ traded down $0.14 during mid-day trading on Thursday, hitting $15.56. The company had a trading volume of 3,667,827 shares, compared to its average volume of 3,873,607. The company has a market capitalization of $6.96 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The business's 50-day simple moving average is $17.21 and its 200 day simple moving average is $17.43. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 dividend on an annualized basis and a yield of 5.27%. Invesco's dividend payout ratio is currently 69.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on 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 upped their price objective on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.94.

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.