Sonoma Allocations LLC Acquires Shares of 447,018 Invesco Ltd. $IVZ

Sonoma Allocations LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 447,018 shares of the asset manager’s stock, valued at approximately $11,797,000. Invesco comprises approximately 4.5% of Sonoma Allocations LLC’s investment portfolio, making the stock its 6th biggest position. Sonoma Allocations LLC owned approximately 0.10% of Invesco at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. SJS Investment Consulting Inc. grew its stake in Invesco by 80.1% during the 1st 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 in the last quarter. Larson Financial Group LLC lifted its stake in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC purchased a new position in Invesco in the 4th quarter worth approximately $44,000. Root Financial Partners LLC boosted its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Invesco during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IVZ shares. Royal Bank Of Canada increased their price target on Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. TD Cowen boosted their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. BMO Capital Markets dropped their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Barclays upped their target price on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus price target of $29.88.

Invesco Stock Down 0.3%

Shares of NYSE IVZ opened at $31.59 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of -46.46, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.45. The company has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $26.80. Invesco Ltd. has a 1 year low of $20.41 and a 1 year high of $32.55.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 2.8 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco’s payout ratio is currently -126.47%.

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.