Maltese Capital Management LLC Sells 219,665 Shares of Invesco Ltd. $IVZ

Maltese Capital Management LLC lessened its stake in Invesco Ltd. (NYSE:IVZ) by 69.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,335 shares of the asset manager’s stock after selling 219,665 shares during the period. Maltese Capital Management LLC’s holdings in Invesco were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the period. Carrera Capital Advisors grew its holdings in Invesco by 3.7% in the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after buying an additional 408 shares in the last quarter. Vise Technologies Inc. increased its position in Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares during the last quarter. Wedmont Private Capital raised its position in shares of Invesco by 2.2% during the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock valued at $588,000 after buying an additional 456 shares during the period. Finally, Parallel Advisors LLC raised its position in Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after purchasing an additional 472 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. BMO Capital Markets decreased their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Morgan Stanley cut their price objective on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Barclays raised their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus price target of $27.64.

Invesco Trading Up 0.5%

NYSE:IVZ opened at $29.06 on Tuesday. Invesco Ltd. has a 12-month low of $14.45 and a 12-month high of $29.82. The firm has a market cap of $12.88 billion, a PE ratio of -19.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. 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 stock has a fifty day moving average price of $26.43 and a 200 day moving average price of $26.24.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share 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 analysts’ expectations of $1.27 billion. During the same quarter last year, the company earned $0.44 EPS. Invesco’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.215 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. Invesco’s dividend payout ratio 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.