Olympiad Research LP Takes $237,000 Position in Invesco Ltd. (NYSE:IVZ)

Olympiad Research LP acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 13,560 shares of the asset manager’s stock, valued at approximately $237,000.

A number of other large investors have also recently made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco in the 3rd quarter worth approximately $1,428,196,000. State Street Corp lifted its holdings in Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after purchasing an additional 151,408 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after purchasing an additional 93,126 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Invesco by 1.1% in 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 purchasing an additional 45,891 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. TD Cowen decreased their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. UBS Group upped their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Performance

NYSE IVZ opened at $17.50 on Monday. The company has a market cap of $7.86 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.98 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. The business’s 50 day moving average price is $17.83 and its 200-day moving average price is $17.54. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.