Los Angeles Capital Management LLC Takes Position in Invesco Ltd. (NYSE:IVZ)

Los Angeles Capital Management LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 124,503 shares of the asset manager’s stock, valued at approximately $2,066,000.

A number of other large investors have also modified their holdings of IVZ. Dimensional Fund Advisors LP grew its stake in Invesco by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after purchasing an additional 2,592,039 shares in the last quarter. Northern Trust Corp grew its stake in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after purchasing an additional 1,395,023 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Invesco by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock worth $71,984,000 after acquiring an additional 136,582 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Invesco by 11.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock worth $69,955,000 after acquiring an additional 391,935 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after acquiring an additional 3,507,900 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 0.9 %

Shares of Invesco stock opened at $15.09 on Friday. The business’s fifty day moving average price is $15.21 and its two-hundred day moving average price is $15.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The company has a market capitalization of $6.79 billion, a P/E ratio of -20.12, a PEG ratio of 1.13 and a beta of 1.46. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.71.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, research analysts forecast that Invesco Ltd. will post 1.64 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.205 per share. The ex-dividend date was Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.43%. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is presently -109.33%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several research reports. TD Cowen decreased their target price on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group cut their price target on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.79.

Invesco 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.