Lecap Asset Management Ltd. Makes New Investment in Invesco Ltd. (NYSE:IVZ)

Lecap Asset Management Ltd. acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,293 shares of the asset manager’s stock, valued at approximately $725,000.

Several other institutional investors also recently bought and sold shares of the company. Venture Visionary Partners LLC increased its holdings in Invesco by 4.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 95,423 shares of the asset manager’s stock worth $1,676,000 after purchasing an additional 3,949 shares during the period. Blue Trust Inc. increased its holdings in Invesco by 714.3% during the 3rd quarter. Blue Trust Inc. now owns 6,783 shares of the asset manager’s stock worth $119,000 after purchasing an additional 5,950 shares during the period. Claro Advisors LLC purchased a new position in Invesco during the 3rd quarter worth $253,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC increased its holdings in Invesco by 3.5% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 72,037 shares of the asset manager’s stock worth $1,265,000 after purchasing an additional 2,416 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on IVZ shares. Royal Bank of Canada increased their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company increased their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday. UBS Group increased their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays increased their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and an average price target of $18.38.

Invesco Stock Up 0.7 %

Invesco stock opened at $17.62 on Friday. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of -23.49, a PEG ratio of 1.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The business has a fifty day moving average price of $17.14 and a 200-day moving average price of $16.11. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.79.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company 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 quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.66 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a $0.205 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.65%. Invesco’s dividend payout ratio (DPR) is -109.33%.

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.