Vanguard Group Inc. Acquires 947,693 Shares of Invesco Ltd. $IVZ

Vanguard Group Inc. raised its stake in Invesco Ltd. (NYSE:IVZ) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 52,965,761 shares of the asset manager’s stock after purchasing an additional 947,693 shares during the quarter. Vanguard Group Inc. owned 0.12% of Invesco worth $1,391,411,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Invesco in the first quarter valued at approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 acquiring an additional 12,685 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 6,341 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Up 2.2%

Invesco stock opened at $26.21 on Friday. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of -17.83, a PEG ratio of 0.64 and a beta of 1.66. Invesco Ltd. has a 52-week low of $13.86 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day moving average price of $24.52 and a two-hundred day moving average price of $25.31.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts predict that Invesco Ltd. will post 2.48 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, May 15th. Invesco’s payout ratio is currently -57.14%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research reports. Barclays boosted their price target on Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of Invesco in a research note on Tuesday, April 21st. TD Cowen lifted their price target on shares of Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Morgan Stanley lowered their target price on Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average price target of $27.29.

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.