Live Oak Private Wealth LLC Has $5.60 Million Stake in Invesco Ltd. (NYSE:IVZ)

Live Oak Private Wealth LLC cut its position in Invesco Ltd. (NYSE:IVZ) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,171 shares of the asset manager’s stock after selling 4,313 shares during the quarter. Live Oak Private Wealth LLC owned 0.07% of Invesco worth $5,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its position in Invesco by 48.5% during the second quarter. Truist Financial Corp now owns 208,993 shares of the asset manager’s stock valued at $3,127,000 after purchasing an additional 68,221 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Invesco in the second quarter valued at about $164,000. Czech National Bank raised its stake in Invesco by 6.9% during the third quarter. Czech National Bank now owns 91,669 shares of the asset manager’s stock worth $1,610,000 after acquiring an additional 5,950 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Invesco by 9.4% in the third quarter. GAMMA Investing LLC now owns 16,197 shares of the asset manager’s stock worth $284,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Invesco by 25.4% in the 3rd quarter. Mather Group LLC. now owns 32,612 shares of the asset manager’s stock valued at $573,000 after purchasing an additional 6,611 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on IVZ shares. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Evercore ISI raised their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Morgan Stanley boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $19.94.

Invesco Trading Up 2.3 %

IVZ opened at $19.16 on Friday. The firm has a market capitalization of $8.61 billion, a PE ratio of 16.23, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company’s 50-day moving average is $17.78 and its 200 day moving average is $17.38.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, research analysts predict that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is 69.49%.

Invesco Company 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.