Los Angeles Capital Management & Equity Research Inc. Has $6.44 Million Position in Invesco Ltd. (IVZ)
Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 339.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,765 shares of the asset manager’s stock after acquiring an additional 141,990 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Invesco were worth $6,439,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of IVZ. Financial Architects Inc increased its stake in Invesco by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 1,082 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in Invesco in the second quarter valued at about $185,000. Gilbert & Cook Inc. bought a new stake in Invesco in the second quarter valued at about $203,000. IBM Retirement Fund acquired a new position in Invesco in the second quarter valued at about $210,000. Finally, Duncker Streett & Co. Inc. boosted its position in Invesco by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.
Invesco Ltd. (NYSE IVZ) opened at $34.98 on Monday. Invesco Ltd. has a twelve month low of $28.75 and a twelve month high of $37.75. The firm has a market cap of $14,239.59, a P/E ratio of 13.72, a P/E/G ratio of 1.10 and a beta of 1.81. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco (NYSE:IVZ) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same period in the prior year, the business posted $0.60 earnings per share. Invesco’s revenue was up 14.3% compared to the same quarter last year. equities analysts predict that Invesco Ltd. will post 2.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be issued a $0.29 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.32%. Invesco’s dividend payout ratio is currently 50.44%.
A number of equities analysts have commented on the stock. BidaskClub lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company restated an “outperform” rating on shares of Invesco in a research report on Sunday, July 30th. Barclays PLC assumed coverage on shares of Invesco in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price target on the stock. Jefferies Group LLC set a $41.00 price target on shares of Invesco and gave the company a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Invesco has an average rating of “Hold” and a consensus target price of $38.50.
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In related news, insider Colin Meadows sold 54,215 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
Invesco Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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