Los Angeles Capital Management LLC Makes New $672,000 Investment in Invesco Ltd. (NYSE:IVZ)

Los Angeles Capital Management LLC bought a new position in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,439 shares of the asset manager’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Avior Wealth Management LLC boosted its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco during the 3rd quarter valued at about $35,000. Crews Bank & Trust purchased a new position in shares of Invesco during the 4th quarter valued at about $44,000. Truvestments Capital LLC purchased a new position in shares of Invesco during the 3rd quarter valued at about $76,000. Finally, True Wealth Design LLC purchased a new position in shares of Invesco during the 3rd quarter valued at about $77,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. TD Cowen lowered their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets boosted their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Performance

NYSE IVZ opened at $17.40 on Monday. The company has a market cap of $7.82 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The business’s 50 day moving average price is $17.82 and its 200-day moving average price is $17.59. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 4.71%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.