Signaturefd LLC Has $171,000 Stock Position in Invesco Ltd. $IVZ

Signaturefd LLC lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 40.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,814 shares of the asset manager’s stock after selling 7,449 shares during the quarter. Signaturefd LLC’s holdings in Invesco were worth $171,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in shares of Invesco by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager’s stock valued at $720,000 after buying an additional 755 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Invesco by 6.8% in the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock valued at $189,000 after buying an additional 792 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Invesco by 17.1% in the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager’s stock valued at $83,000 after buying an additional 800 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Invesco by 45.8% in the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after buying an additional 824 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Invesco by 0.5% in the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager’s stock valued at $2,479,000 after buying an additional 862 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Insider Activity at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director directly owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cowen reissued a “buy” rating on shares of Invesco in a report on Thursday, September 18th. Citigroup increased their price objective on Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets initiated coverage on Invesco in a report on Friday. They set an “outperform” rating and a $28.00 price target for the company. Barclays raised their price target on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their price target on Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $20.92.

Invesco Stock Performance

NYSE:IVZ opened at $24.05 on Friday. The stock’s 50-day simple moving average is $21.84 and its 200 day simple moving average is $17.48. The firm has a market capitalization of $10.72 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $24.21.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. On average, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco’s dividend payout ratio (DPR) is presently 90.32%.

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.