Norges Bank Makes New $102.52 Million Investment in Invesco Ltd. $IVZ

Norges Bank acquired a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,902,656 shares of the asset manager’s stock, valued at approximately $102,523,000. Norges Bank owned 0.88% of Invesco at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. increased its holdings in Invesco by 53.3% in the third quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after buying an additional 254,501 shares during the last quarter. Vanguard Group Inc. increased its holdings in Invesco by 1.2% in the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after buying an additional 593,140 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Invesco by 30.4% in the third quarter. Allianz Asset Management GmbH now owns 1,485,494 shares of the asset manager’s stock valued at $34,077,000 after buying an additional 345,923 shares during the last quarter. Cibc World Market Inc. purchased a new position in Invesco in the third quarter valued at $2,293,000. Finally, Caprock Group LLC purchased a new position in Invesco in the third quarter valued at $892,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings lowered Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TD Cowen increased their target price on Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.29.

Invesco Trading Down 3.0%

Shares of Invesco stock opened at $27.32 on Friday. 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 $14.29 and a 1 year high of $29.61. The company has a market capitalization of $12.11 billion, a P/E ratio of -18.59, a P/E/G ratio of 0.63 and a beta of 1.60. The business has a 50 day moving average price of $25.91 and a 200 day moving average price of $26.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. 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.