Wealthstar Advisors LLC bought a new position in Invesco Ltd. (NYSE:IVZ – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,240 shares of the asset manager’s stock, valued at approximately $1,099,000.
Several other institutional investors and hedge funds have also recently modified their holdings of IVZ. American National Bank & Trust bought a new position in Invesco in the 4th quarter worth about $31,000. SJS Investment Consulting Inc. grew its position in Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC increased its stake in Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC bought a new stake in Invesco during the 4th quarter valued at about $44,000. Finally, Root Financial Partners LLC raised its holdings in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of Invesco in a research report on Thursday. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. BMO Capital Markets lowered their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.86.
Invesco Price Performance
NYSE IVZ opened at $27.05 on Friday. The business’s fifty day moving average price is $27.28 and its 200-day moving average price is $26.41. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of -18.40, a PEG ratio of 0.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. Invesco Ltd. has a 1-year low of $16.49 and a 1-year high of $29.82.
Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities analysts predict that Invesco Ltd. will post 2.59 earnings per share for the current year.
Invesco Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is presently -58.50%.
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.
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