Oak Thistle LLC Has $824,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Oak Thistle LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 322.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,078 shares of the asset manager’s stock after acquiring an additional 42,029 shares during the quarter. Oak Thistle LLC’s holdings in Invesco were worth $824,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IVZ. Victory Capital Management Inc. raised its stake in Invesco by 90.1% during the 4th quarter. Victory Capital Management Inc. now owns 147,161 shares of the asset manager’s stock valued at $2,625,000 after purchasing an additional 69,754 shares during the period. Swiss National Bank acquired a new position in Invesco during the fourth quarter valued at $11,830,000. Charles Schwab Investment Management Inc. raised its position in Invesco by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock valued at $71,984,000 after buying an additional 136,582 shares during the period. Teacher Retirement System of Texas lifted its stake in Invesco by 53.3% in the 4th quarter. Teacher Retirement System of Texas now owns 40,768 shares of the asset manager’s stock worth $727,000 after acquiring an additional 14,183 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Invesco by 0.6% during the 4th quarter. BNP Paribas Financial Markets now owns 589,173 shares of the asset manager’s stock worth $10,511,000 after acquiring an additional 3,353 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. The Goldman Sachs Group cut their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Royal Bank of Canada lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Barclays began coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price target on the stock. Finally, Evercore ISI lifted their price objective on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.20.

Invesco Stock Down 3.8 %

Shares of IVZ stock opened at $15.74 on Monday. The stock’s 50 day simple moving average is $16.29 and its 200 day simple moving average is $15.76. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were paid a $0.205 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.21%. Invesco’s payout ratio is presently -109.33%.

About Invesco

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.