Live Oak Private Wealth LLC grew 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 filing with the Securities & Exchange Commission. 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 approximately 0.08% of Invesco worth $5,274,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Invesco by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock worth $22,472,000 after purchasing an additional 188,041 shares during the period. Bank of New York Mellon Corp grew its holdings in Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock valued at $45,684,000 after purchasing an additional 113,451 shares during the period. Proficio Capital Partners LLC purchased a new stake in Invesco in the fourth quarter valued at approximately $735,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invesco in the fourth quarter valued at approximately $424,000. Finally, Carrera Capital Advisors purchased a new stake in Invesco in the fourth quarter valued at approximately $1,201,000. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Stock Up 0.8%
Shares of Invesco stock opened at $14.84 on Monday. The business has a 50-day moving average of $14.36 and a 200-day moving average of $15.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $6.64 billion, a PE ratio of 11.87, a P/E/G ratio of 1.74 and a beta of 1.49. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 earned $0.33 earnings per share. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.66%. Invesco's dividend payout ratio (DPR) is currently 67.20%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on IVZ. Wells Fargo & Company cut their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group increased their target price on Invesco from $16.00 to $16.25 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. cut their target price on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Bank of America cut their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Citigroup lowered their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of "Hold" and an average target price of $17.38.
Read Our Latest Analysis on IVZ
About Invesco
(
Free Report)
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.
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