Sciencast Management LP Buys New Stake in Invesco Ltd. (NYSE:IVZ)

Sciencast Management LP bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 33,873 shares of the asset manager’s stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Invesco during the 4th quarter valued at $735,000. Bank of New York Mellon Corp lifted its holdings in shares of Invesco by 4.5% during the 4th 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 acquiring an additional 113,451 shares in the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco in the 3rd quarter worth $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after buying an additional 14,489 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

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. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The firm has a 50-day simple moving average of $17.26 and a 200 day simple moving average of $17.44. The company has a market cap of $6.86 billion, a PE ratio of 13.00, a P/E/G ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on IVZ. UBS Group boosted their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” 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 issued a “sector perform” rating and a $19.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, TD Cowen cut their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.