Swiss Life Asset Management Ltd cut its holdings in shares of Invesco Ltd. (NYSE:IVZ – Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 584,622 shares of the asset manager’s stock after selling 583,755 shares during the quarter. Swiss Life Asset Management Ltd owned about 0.13% of Invesco worth $15,358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in IVZ. CNB Bank purchased a new position in shares of Invesco in the 3rd quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $30,000. Sentry Investment Management LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $30,000. American National Bank & Trust purchased a new position in shares of Invesco in the 4th quarter worth about $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Price Performance
IVZ stock opened at $27.95 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a 1 year low of $14.10 and a 1 year high of $29.61. The firm has a market cap of $12.40 billion, a P/E ratio of -19.01, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. The stock has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $25.49.
Invesco Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.215 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. Invesco’s payout ratio is -57.14%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. TD Cowen raised their price objective on Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Argus reiterated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.29.
View Our Latest Analysis on IVZ
Invesco Company 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.
Featured Articles
- Five stocks we like better than Invesco
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ – Free Report).
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.
