Live Oak Private Wealth LLC Cuts Stake in Invesco Ltd. (NYSE:IVZ)

Live Oak Private Wealth LLC lessened its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,171 shares of the asset manager’s stock after selling 4,313 shares during the period. Live Oak Private Wealth LLC’s holdings in Invesco were worth $5,597,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the 3rd quarter worth approximately $1,428,196,000. State Street Corp raised its stake in shares of Invesco by 0.7% in the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after buying an additional 151,408 shares during the period. Geode Capital Management LLC lifted its position in shares of Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after buying an additional 93,126 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Invesco by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock worth $75,715,000 after acquiring an additional 45,891 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IVZ shares. Morgan Stanley upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday. TD Cowen dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Evercore ISI increased 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. Finally, The Goldman Sachs Group increased their price objective on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average price target of $19.94.

Invesco Stock Performance

Invesco stock opened at $19.16 on Friday. The stock has a market cap of $8.61 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.06 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. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The firm’s fifty day moving average price is $17.78 and its 200-day moving average price is $17.38.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given 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 is Friday, February 14th. Invesco’s 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.