Fisher Asset Management LLC Grows Stake in Invesco Ltd. $IVZ

Fisher Asset Management LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,197,841 shares of the asset manager’s stock after purchasing an additional 258,995 shares during the quarter. Fisher Asset Management LLC’s holdings in Invesco were worth $119,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Invesco by 1.2% during the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock worth $1,193,294,000 after purchasing an additional 593,140 shares in the last quarter. State Street Corp boosted its holdings in shares of Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after buying an additional 332,340 shares in the last quarter. AQR Capital Management LLC boosted its stake in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Invesco by 0.8% during the second quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after purchasing an additional 88,094 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Invesco by 13.4% during the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after purchasing an additional 939,365 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on IVZ shares. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $31.00 in a report on Wednesday, December 17th. Morgan Stanley set a $29.00 price objective on Invesco in a research note on Monday, January 26th. TD Cowen set a $34.50 price objective on Invesco in a report on Wednesday, January 28th. Argus set a $31.00 target price on shares of Invesco in a research report on Wednesday, January 28th. Finally, Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.46.

Invesco Trading Down 0.4%

Shares of Invesco stock opened at $26.15 on Tuesday. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of -16.34, a price-to-earnings-growth ratio of 0.47 and a beta of 1.68. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The company’s 50-day simple moving average is $27.33 and its 200-day simple moving average is $24.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s payout ratio is -52.50%.

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.