Lecap Asset Management Ltd. purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,293 shares of the asset manager's stock, valued at approximately $725,000.
Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in shares of Invesco in the second quarter valued at about $28,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the 2nd quarter valued at approximately $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Invesco in the 1st quarter valued at approximately $52,000. Abich Financial Wealth Management LLC grew its holdings in shares of Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock valued at $60,000 after purchasing an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Invesco in the second quarter valued at approximately $61,000. 66.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on IVZ. Wells Fargo & Company boosted their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.38.
Check Out Our Latest Stock Report on Invesco
Invesco Trading Up 0.1 %
IVZ traded up $0.01 during trading on Friday, reaching $17.63. The company had a trading volume of 2,474,453 shares, compared to its average volume of 4,246,479. The firm's 50-day simple moving average is $17.14 and its 200 day simple moving average is $16.11. The company has a market cap of $7.93 billion, a price-to-earnings ratio of -23.47, a PEG ratio of 1.10 and a beta of 1.44. Invesco Ltd. has a 12-month low of $12.61 and a 12-month high of $18.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm's revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities research analysts anticipate that Invesco Ltd. will post 1.66 earnings per share for the current year.
Invesco Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.65%. Invesco's dividend payout ratio (DPR) is presently -109.33%.
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.
Further Reading
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
