Engineers Gate Manager LP Raises Holdings in Invesco Ltd. $IVZ

Engineers Gate Manager LP boosted its position in Invesco Ltd. (NYSE:IVZ) by 47.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,354,613 shares of the asset manager’s stock after purchasing an additional 433,287 shares during the quarter. Engineers Gate Manager LP’s holdings in Invesco were worth $35,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Invesco by 2,495.9% during the 2nd quarter. California State Teachers Retirement System now owns 10,837,212 shares of the asset manager’s stock worth $285,994,000 after purchasing an additional 10,419,736 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Invesco in the fourth quarter valued at about $230,391,000. Price T Rowe Associates Inc. MD raised its position in shares of Invesco by 368.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock valued at $176,782,000 after buying an additional 5,292,867 shares during the last quarter. Norges Bank purchased a new position in shares of Invesco in the fourth quarter worth about $102,523,000. Finally, Samlyn Capital LLC purchased a new position in shares of Invesco in the third quarter worth about $44,567,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Insider Buying and Selling at Invesco

In other news, CFO Laura Dukes sold 31,075 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the sale, the chief financial officer owned 259,183 shares of the company’s stock, valued at approximately $8,594,508.28. This represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

IVZ has been the subject of several research reports. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their target price on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday. Evercore set a $35.00 price target on Invesco in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods started coverage on Invesco in a research report on Wednesday. They set an “outperform” rating and a $39.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $31.46.

Invesco Stock Down 0.7%

Invesco stock opened at $32.13 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $14.24 billion, a PE ratio of -47.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. Invesco Ltd. has a fifty-two week low of $20.67 and a fifty-two week high of $33.66. The firm has a 50 day moving average price of $30.81 and a 200 day moving average price of $27.62.

Invesco (NYSE:IVZ) last announced its earnings results 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 company had revenue of $1.33 billion during 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%.Invesco’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Research analysts expect that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were paid a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.7%. Invesco’s payout ratio is -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.