Live Oak Private Wealth LLC Has $8.47 Million Position in Invesco Ltd. $IVZ

Live Oak Private Wealth LLC lessened its stake in Invesco Ltd. (NYSE:IVZ) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,030 shares of the asset manager’s stock after selling 17,747 shares during the period. Live Oak Private Wealth LLC owned about 0.07% of Invesco worth $8,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 537 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the period. Blue Trust Inc. increased its position in shares of Invesco by 171.0% during the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 1,173 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Invesco by 389.6% in the first quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 1,492 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Down 2.5%

Shares of IVZ stock opened at $31.97 on Wednesday. The company has a market capitalization of $14.17 billion, a P/E ratio of -47.01, a P/E/G ratio of 0.48 and a beta of 1.63. Invesco Ltd. has a 12-month low of $20.67 and a 12-month high of $33.66. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $27.37.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. During the same period in the prior year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Research analysts forecast that Invesco Ltd. will post 2.82 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco’s dividend payout ratio is -126.47%.

Wall Street Analyst Weigh In

Several brokerages recently commented on IVZ. Evercore set a $35.00 target price on Invesco in a research report on Monday, August 10th. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley lifted their target price on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. TD Cowen upped their target price on shares of Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Invesco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.88.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.