Live Oak Private Wealth LLC Has $5.27 Million Position in Invesco Ltd. (NYSE:IVZ)

Live Oak Private Wealth LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,642 shares of the asset manager's stock after purchasing an additional 27,471 shares during the quarter. Live Oak Private Wealth LLC owned 0.08% of Invesco worth $5,274,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after buying an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after buying an additional 31,854 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on IVZ. Wells Fargo & Company decreased their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Barclays increased their price objective on Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 9th. Bank of America decreased their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Cowen downgraded Invesco from a "buy" rating to a "hold" rating and decreased their price target for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Citigroup decreased their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Invesco currently has a consensus rating of "Hold" and an average price target of $17.38.

Invesco Stock Performance

Shares of IVZ traded up $0.34 during mid-day trading on Thursday, reaching $15.59. The company's stock had a trading volume of 3,716,845 shares, compared to its average volume of 4,409,357. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The stock has a market cap of $6.98 billion, a P/E ratio of 12.47, a PEG ratio of 1.79 and a beta of 1.49. The business has a 50-day simple moving average of $14.55 and a two-hundred day simple moving average of $15.89. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.81.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a return on equity of 8.94% and a net margin of 13.14%. During the same period last year, the firm posted $0.33 EPS. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were issued a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is presently 67.20%.

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.