Governors Lane LP raised its stake in shares of Invesco Ltd. (NYSE:IVZ – Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 330,929 shares of the asset manager’s stock after acquiring an additional 81,151 shares during the quarter. Governors Lane LP owned approximately 0.07% of Invesco worth $8,694,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares in the last quarter. State Street Corp boosted its position in Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after acquiring an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Invesco by 13.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after purchasing an additional 939,365 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a report on Tuesday, April 21st. Finally, Evercore set a $31.00 price objective on Invesco in a report on Monday, June 8th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.64.
Invesco Stock Performance
Shares of IVZ stock opened at $28.82 on Thursday. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of -19.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average of $26.65 and a 200 day moving average of $26.30. Invesco Ltd. has a 1 year low of $14.48 and a 1 year high of $29.82.
Invesco (NYSE:IVZ – Get Free Report) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.44 EPS. As a group, research analysts expect that Invesco Ltd. will post 2.58 earnings per share for the current year.
Invesco Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. Invesco’s dividend payout ratio (DPR) is -58.50%.
Invesco 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.
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