Krilogy Financial LLC Invests $532,000 in Invesco Ltd. $IVZ

Krilogy Financial LLC acquired a new position in Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,764 shares of the asset manager’s stock, valued at approximately $532,000.

A number of other institutional investors also recently bought and sold shares of IVZ. Capital A Wealth Management LLC increased its position in Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares in the last quarter. CNB Bank bought a new position in shares of Invesco during the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $30,000. Sentry Investment Management LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $30,000. Finally, IFP Advisors Inc raised its stake in Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $26.52 on Friday. The stock has a market capitalization of $11.80 billion, a PE ratio of -16.57, a P/E/G ratio of 0.48 and a beta of 1.69. The business has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $24.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. On average, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.2%. Invesco’s dividend payout ratio (DPR) is -52.50%.

Analyst Ratings Changes

IVZ has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Morgan Stanley set a $29.00 target price on shares of Invesco in a research note on Monday, January 26th. Barclays cut their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 28th. Argus set a $31.00 price objective on Invesco in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada cut their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus target price of $28.46.

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.