Guinness Asset Management LTD Buys New Holdings in Invesco Ltd. $IVZ

Guinness Asset Management LTD acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 29,216 shares of the asset manager’s stock, valued at approximately $672,000.

A number of other hedge funds also recently made changes to their positions in IVZ. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco during the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Invesco by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after purchasing an additional 2,393 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after purchasing an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Invesco by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after buying an additional 12,685 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Invesco by 5.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,999 shares of the asset manager’s stock worth $946,000 after buying an additional 3,138 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Invesco from $28.75 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Fundamental Research set a $27.00 target price on Invesco in a research note on Friday, October 31st. Royal Bank Of Canada dropped their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen raised Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Invesco currently has an average rating of “Hold” and an average price target of $28.43.

Invesco Stock Down 4.2%

Shares of NYSE IVZ opened at $25.73 on Friday. The stock has a market capitalization of $11.45 billion, a P/E ratio of -16.08, a PEG ratio of 0.48 and a beta of 1.69. The stock’s fifty day moving average is $27.14 and its 200 day moving average is $24.10. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $29.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.23 and a current ratio of 1.23.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend payout ratio (DPR) is -52.50%.

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.