Los Angeles Capital Management LLC Takes $672,000 Position in Invesco Ltd. (NYSE:IVZ)

Los Angeles Capital Management LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,439 shares of the asset manager's stock, valued at approximately $672,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Invesco in the 3rd quarter valued at $331,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Invesco by 75.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,576 shares of the asset manager's stock worth $610,000 after buying an additional 14,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco by 591.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 82,603 shares of the asset manager's stock valued at $1,451,000 after buying an additional 70,653 shares during the period. State of Alaska Department of Revenue grew its holdings in Invesco by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 52,316 shares of the asset manager's stock worth $918,000 after acquiring an additional 3,545 shares during the period. Finally, abrdn plc increased its holdings in Invesco by 11.6% in the third quarter. abrdn plc now owns 34,080 shares of the asset manager's stock valued at $595,000 after purchasing an additional 3,529 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. UBS Group increased their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. TD Cowen decreased their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Evercore ISI raised their price objective on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One 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 stock has a consensus rating of "Hold" and an average price target of $19.94.

Invesco Stock Down 3.7 %

IVZ traded down $0.64 during trading hours on Monday, hitting $16.75. 3,948,321 shares of the company's stock were exchanged, compared to its average volume of 4,200,998. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The stock's 50-day moving average is $17.82 and its two-hundred day moving average is $17.59. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, February 14th. Invesco's dividend payout ratio (DPR) is 69.49%.

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.