Principal Financial Group Inc. Boosts Position in Invesco Ltd. $IVZ

Principal Financial Group Inc. boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 5.5% in the first quarter, Holdings Channel reports. The fund owned 824,547 shares of the asset manager’s stock after purchasing an additional 43,322 shares during the quarter. Principal Financial Group Inc.’s holdings in Invesco were worth $20,028,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its position in Invesco by 93.3% in the first quarter. Chicago Partners Investment Group LLC now owns 26,910 shares of the asset manager’s stock worth $688,000 after purchasing an additional 12,986 shares during the last quarter. Del Sette Capital Management LLC increased its position in shares of Invesco by 7.6% during the 1st quarter. Del Sette Capital Management LLC now owns 146,655 shares of the asset manager’s stock valued at $3,562,000 after purchasing an additional 10,335 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Invesco by 2,633.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager’s stock valued at $23,330,000 after purchasing an additional 925,300 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Invesco by 15.5% in the 1st quarter. Fifth Third Bancorp now owns 25,406 shares of the asset manager’s stock worth $617,000 after purchasing an additional 3,402 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Invesco by 56.4% in the 1st quarter. Hsbc Holdings PLC now owns 674,037 shares of the asset manager’s stock worth $16,380,000 after purchasing an additional 242,949 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 1.3%

IVZ stock opened at $30.05 on Wednesday. The business’s 50-day moving average price is $27.84 and its 200-day moving average price is $26.59. The stock has a market cap of $13.32 billion, a P/E ratio of -20.44, a PEG ratio of 0.48 and a beta of 1.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a twelve month low of $20.00 and a twelve month high of $31.02.

Invesco (NYSE:IVZ) last released its earnings results 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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts forecast that Invesco Ltd. will post 2.78 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s dividend payout ratio is currently -58.50%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IVZ shares. The Goldman Sachs Group boosted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Argus reiterated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of Invesco in a research note on Thursday, July 2nd. Evercore set a $32.00 price objective on shares of Invesco in a research report on Friday, July 10th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Invesco currently has an average rating of “Hold” and an average target price of $29.15.

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.