This week, I'm seeking a second stalwart dividend financial services sector representative for my new Ivy portfolio. 

Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

Today I'm reviewing a mid-cap asset management company, Invesco Ltd. Its trading ticker symbol is IVZ.

Invesco Ltd is an independent investment management firm. The company provides retail and institutional clients with an array of investment management capabilities. It has a presence in the institutional and retail markets.

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. It manages separate client-focused equity and fixed income portfolios. 

 The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. 

Invesco Ltd. was founded in December 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

I use three key data points to gauge the value of any dividend equity or fund like Invesco Ltd. (IVZ): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

IVZ Price

Invesco's price per share was $16.50 at yesterday's market close. A year ago its price was $36.61 for a price drop of $20.11 per share for the year, or a 55% downside. 

Assuming Invesco's stock will trade in the range of $12 to $32 next year, Invesco's recent $16.50 price could recover by $3.50 and grow to $20.00 by late-December, 2019. 

IVZ Dividends

Invesco's most recent monthly dividend was $0.30 declared October 18th and paid out, December 3rd. 

That $0.30 quarterly stipend equates to an annual amount of $1.20 yielding 7.27% at yesterday's closing $16.50 price.

Gains For IVZ?

Adding the $1.20 annual estimated dividend to my estimated $3.50 annual price upside estimate for Invesco Ltd. (IVZ) totals up to a $4.70 potential gross annual per share gain, which will be reduced by costs to trade the shares.  

For a little over $1,000.00 invested today at the $16.50 recent price we would buy 61 IVZ shares. 

A $10 broker fee paid half at purchase and half at sale costs us $0.16 per share. Subtract that $0.16 brokerage cost from the estimated $4.70 gross annual gain leaves a net gain of $4.54 X 61 shares = $276.94 for a 27% net gain on a $1,006.50 investment.

Therefore, Invesco Ltd., whose trading ticker symbol is IVZ, now shows a possible 27% net gain including a 7.27% dividend yield. 

Seventeen brokers cover this stock:

Will the bear be beaten back?

Four brokers as "buy" IVZ

Four brokers say IVZ will "outperform" peers.

Nine brokers say "hold" IVZ shares.

The seventeen covering broker are more optimistic for IVZ's price recovery than I am.

The strike a median price upside at almost 24 dollars next year. Which, you will recall is $4 higher than my $20 estimated one year target.

Therefore, you can look at Invesco Ltd. (IVZ) and see it has made money, is making money, but could rise to net a 27 to 35% net annual gain including that respectable 7.27% estimated dividend yield. It could be more, it could be less. 

The above speculation is based on past year performance. The actual results remain to be seen to determine if Invesco Ltd. (IVZ) is worth your time and money.