Invesco Ltd. (NYSE:IVZ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Invesco Ltd. (NYSE:IVZ) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted 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 valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Invesco in the third quarter valued at approximately $32,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the third quarter valued at approximately $36,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Invesco in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 1.4 %

Shares of 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 cap of $7.00 billion, a PE ratio of -21.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71. The firm has a 50 day simple moving average of $15.76 and a 200 day simple moving average of $15.44.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on IVZ. Wells Fargo & Company decreased their price objective on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. UBS Group decreased their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. The Goldman Sachs Group decreased their price objective on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a report on Thursday, April 11th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, TD Cowen initiated coverage on shares of Invesco in a report on Thursday, January 4th. They set an “outperform” rating and a $21.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.46.

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.