Lecap Asset Management Ltd. Buys 33,489 Shares of Invesco Ltd. (NYSE:IVZ)

Lecap Asset Management Ltd. lifted its position in Invesco Ltd. (NYSE:IVZ) by 81.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,782 shares of the asset manager’s stock after purchasing an additional 33,489 shares during the period. Lecap Asset Management Ltd.’s holdings in Invesco were worth $1,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the third quarter valued at about $1,428,196,000. State Street Corp raised its holdings in shares of Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after purchasing an additional 151,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after purchasing an additional 93,126 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after purchasing an additional 45,891 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $18.90 on Friday. The firm’s fifty day moving average is $17.79 and its two-hundred day moving average is $17.40. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. 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 (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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%. Research analysts expect that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

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 paid a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.34%. Invesco’s payout ratio is 69.49%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. TD Cowen reduced their price target on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, UBS Group raised their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.94.

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.