Olympiad Research LP Acquires Shares of 13,560 Invesco Ltd. (NYSE:IVZ)

Olympiad Research LP acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,560 shares of the asset manager’s stock, valued at approximately $237,000.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter worth $35,000. Allworth Financial LP grew its position in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Invesco during the 4th quarter worth $44,000. Finally, Truvestments Capital LLC bought a new position in shares of Invesco during the 3rd quarter worth $76,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 2.0 %

Invesco stock opened at $17.50 on Monday. The stock has a 50-day moving average of $17.83 and a two-hundred day moving average of $17.54. 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 one year low of $14.16 and a one year high of $19.55. The stock has a market cap of $7.86 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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, research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. TD Cowen dropped their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. UBS Group increased their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. 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 research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.94.

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.