Live Oak Private Wealth LLC Has $8.47 Million Stock Position in Invesco Ltd. $IVZ

Live Oak Private Wealth LLC lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 321,030 shares of the asset manager’s stock after selling 17,747 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Invesco were worth $8,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in shares of Invesco in the second quarter worth about $357,000. New Mexico Educational Retirement Board increased its holdings in shares of Invesco by 6.8% in the second quarter. New Mexico Educational Retirement Board now owns 22,114 shares of the asset manager’s stock valued at $584,000 after purchasing an additional 1,400 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Invesco by 127.7% in the second quarter. Wellington Management Group LLP now owns 574,267 shares of the asset manager’s stock valued at $15,155,000 after purchasing an additional 322,118 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Invesco in the 2nd quarter worth approximately $2,937,000. Finally, Great Lakes Advisors LLC bought a new position in Invesco in the 2nd quarter worth approximately $355,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IVZ shares. Evercore set a $35.00 price objective on Invesco in a report on Monday, August 10th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada downgraded Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price for the company. in a research report on Thursday, August 13th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Barclays raised their price target on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $30.88.

Invesco Stock Down 2.5%

NYSE:IVZ opened at $31.97 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a 12-month low of $20.67 and a 12-month high of $33.66. The stock’s fifty day simple moving average is $30.06 and its 200-day simple moving average is $27.37. The firm has a market capitalization of $14.17 billion, a P/E ratio of -47.01, a P/E/G ratio of 0.48 and a beta of 1.63.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. Equities research analysts expect that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th. Invesco’s payout ratio is presently -126.47%.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.