Mutual of America Capital Management LLC Sells 2,624 Shares of Invesco Ltd. (NYSE:IVZ)

Mutual of America Capital Management LLC decreased its position in Invesco Ltd. (NYSE:IVZ) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,991 shares of the asset manager’s stock after selling 2,624 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Invesco were worth $1,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Orion Capital Management LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Invesco in the third quarter worth about $32,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the third quarter worth about $36,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after buying an additional 1,000 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Invesco in the third quarter worth approximately $41,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IVZ has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Keefe, Bruyette & Woods dropped their price target on Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Wells Fargo & Company lowered their price objective on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. TD Cowen started coverage on shares of Invesco in a report on Thursday, January 4th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.46.

Invesco Trading Up 1.4 %

NYSE IVZ opened at $15.59 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of -21.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. The company’s 50-day simple moving average is $15.76 and its two-hundred day simple moving average is $15.44. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.71.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Invesco Ltd. will post 1.75 EPS for the current fiscal year.

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.