Fisher Asset Management LLC Sells 7,638 Shares of Invesco Ltd. (NYSE:IVZ)

Fisher Asset Management LLC decreased its position in Invesco Ltd. (NYSE:IVZ) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,533,275 shares of the asset manager’s stock after selling 7,638 shares during the period. Fisher Asset Management LLC owned 1.01% of Invesco worth $79,242,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IVZ. Harmony Asset Management LLC raised its position in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 600 shares during the period. D.A. Davidson & CO. raised its position in Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after buying an additional 677 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in Invesco by 4.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after buying an additional 816 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Invesco by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after buying an additional 1,167 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Invesco by 1.6% in the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager’s stock valued at $1,346,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of NYSE IVZ opened at $17.40 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The stock has a 50 day moving average of $17.82 and a 200-day moving average of $17.58. The company has a market capitalization of $7.82 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.71%. Invesco’s dividend payout ratio is currently 69.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IVZ. Evercore ISI lifted their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Barclays lifted their target price on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. Finally, Argus raised their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.94.

About Invesco

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.