LPL Financial LLC Raises Holdings in Invesco Ltd. (NYSE:IVZ)

LPL Financial LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,827 shares of the asset manager’s stock after purchasing an additional 2,922 shares during the quarter. LPL Financial LLC’s holdings in Invesco were worth $2,956,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IVZ. Colonial Trust Co SC purchased a new stake in Invesco during the 4th quarter worth about $38,000. Versant Capital Management Inc increased its holdings in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock worth $47,000 after purchasing an additional 2,234 shares during the period. Curat Global LLC purchased a new stake in Invesco during the 1st quarter worth about $49,000. Assetmark Inc. increased its holdings in Invesco by 57.2% during the 1st quarter. Assetmark Inc. now owns 5,494 shares of the asset manager’s stock worth $83,000 after purchasing an additional 1,998 shares during the period. Finally, True Wealth Design LLC increased its holdings in Invesco by 18.3% during the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock worth $91,000 after purchasing an additional 801 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Wells Fargo & Company upgraded Invesco from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Barclays upped their price target on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on Invesco from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 2nd. Finally, Evercore ISI increased their price objective on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Invesco has an average rating of “Hold” and an average price target of $18.78.

Invesco Trading Down 1.1%

NYSE:IVZ opened at $21.10 on Friday. The stock’s 50 day moving average price is $18.05 and its 200 day moving average price is $16.31. The company has a market capitalization of $9.41 billion, a PE ratio of 22.69, a P/E/G ratio of 1.15 and a beta of 1.55. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $21.85.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. On average, research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, August 14th. Invesco’s dividend payout ratio (DPR) is currently 90.32%.

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.