Y Intercept Hong Kong Ltd Has $6.87 Million Position in Invesco Ltd. $IVZ

Y Intercept Hong Kong Ltd grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 13.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,691 shares of the asset manager’s stock after buying an additional 33,079 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Invesco worth $6,867,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its position in shares of Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 537 shares during the last quarter. American National Bank & Trust acquired a new position in Invesco during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC boosted its position in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the last quarter. Torren Management LLC bought a new position in Invesco in the fourth quarter valued at approximately $44,000. Finally, Root Financial Partners LLC grew its stake in 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 in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IVZ. Morgan Stanley upped 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. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of Invesco in a report on Thursday. Evercore set a $31.00 price target on Invesco in a research note on Monday, June 8th. Finally, BMO Capital Markets cut their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.86.

Invesco Stock Up 0.1%

Shares of IVZ opened at $27.05 on Friday. The firm has a market cap of $11.99 billion, a P/E ratio of -18.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a 52 week low of $16.49 and a 52 week high of $29.82. The firm’s 50-day simple moving average is $27.28 and its 200 day simple moving average is $26.41.

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 last year, the business earned $0.44 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, analysts forecast that Invesco Ltd. will post 2.59 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. Stockholders of record on Friday, May 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is -58.50%.

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.