Y Intercept Hong Kong Ltd lifted its holdings in Invesco Ltd. (NYSE:IVZ – Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,691 shares of the asset manager’s stock after acquiring an additional 33,079 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Invesco were worth $6,867,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of IVZ. Sound Income Strategies LLC boosted its holdings in Invesco by 17,497.1% in the 1st quarter. Sound Income Strategies LLC now owns 5,983 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 5,949 shares during the period. Keybank National Association OH grew its position in shares of Invesco by 22.6% during the 1st quarter. Keybank National Association OH now owns 21,037 shares of the asset manager’s stock worth $511,000 after purchasing an additional 3,873 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the period. EWA LLC increased its holdings in shares of Invesco by 3.8% during the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after purchasing an additional 452 shares during the period. Finally, Patton Fund Management Inc. raised its position in shares of Invesco by 9.3% in the first quarter. Patton Fund Management Inc. now owns 9,891 shares of the asset manager’s stock valued at $240,000 after buying an additional 844 shares in the last quarter. 66.09% of the stock is owned by institutional investors.
Invesco Stock Performance
Shares of Invesco stock opened at $27.05 on Friday. The company has a 50 day moving average of $27.28 and a 200-day moving average of $26.41. Invesco Ltd. has a 1-year low of $16.49 and a 1-year high of $29.82. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The company has a market cap of $11.99 billion, a PE ratio of -18.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.62.
Invesco Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is -58.50%.
Wall Street Analyst Weigh In
IVZ has been the subject of several recent research reports. Argus reiterated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Morgan Stanley raised their price objective on Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. The Goldman Sachs Group upped their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.86.
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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