Lecap Asset Management Ltd. Acquires New Stake in Invesco Ltd. $IVZ

Lecap Asset Management Ltd. bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 67,435 shares of the asset manager’s stock, valued at approximately $1,547,000.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares during the last quarter. AQR Capital Management LLC increased its position in Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares during the period. Geode Capital Management LLC raised its holdings in Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after purchasing an additional 88,094 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Invesco by 13.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after purchasing an additional 939,365 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Invesco by 99.6% during the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after buying an additional 3,507,150 shares during the period. Institutional investors own 66.09% of the company’s stock.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the sale, the director owned 192 shares in the company, valued at $4,523.52. This represents a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.21% of the stock is currently owned by insiders.

Invesco Stock Down 2.0%

Shares of NYSE:IVZ opened at $27.68 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $28.44. The business’s 50 day simple moving average is $25.24 and its two-hundred day simple moving average is $22.46. The firm has a market cap of $12.32 billion, a P/E ratio of 18.83, a PEG ratio of 0.52 and a beta of 1.65.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Barclays upped their target price on Invesco from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Finally, Evercore ISI increased their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.70.

Invesco Profile

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.