Three Seasons Wealth LLC Purchases Shares of 25,369 Invesco Ltd. $IVZ

Three Seasons Wealth LLC purchased a new position in Invesco Ltd. (NYSE:IVZ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,369 shares of the asset manager’s stock, valued at approximately $616,000.

Other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust purchased a new position in shares of Invesco during the 4th quarter valued at about $31,000. SJS Investment Consulting Inc. increased its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares in the last quarter. Larson Financial Group LLC increased its holdings 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 acquiring an additional 558 shares in the last quarter. Torren Management LLC bought a new stake in Invesco during the 4th quarter worth approximately $44,000. Finally, Root Financial Partners LLC raised its stake in 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 acquiring an additional 374 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Invesco from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday. TD Cowen raised their price objective on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.08.

Invesco Trading Up 5.4%

Invesco stock opened at $30.28 on Thursday. The stock has a market cap of $13.42 billion, a P/E ratio of -20.60, a PEG ratio of 0.48 and a beta of 1.62. 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 $16.49 and a 1 year high of $30.53. The firm’s 50 day moving average price is $27.66 and its 200-day moving average price is $26.50.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.44 EPS. Invesco’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts predict that Invesco Ltd. will post 2.74 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a $0.215 dividend. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio (DPR) is presently -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.