Holocene Advisors LP Takes $55.72 Million Position in Invesco Ltd. $IVZ

Holocene Advisors LP bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,428,894 shares of the asset manager’s stock, valued at approximately $55,719,000.

Several other hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in Invesco by 18.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after buying an additional 472 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Invesco by 0.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock worth $1,966,000 after buying an additional 474 shares in the last quarter. CI Investments Inc. raised its holdings in shares of Invesco by 21.5% during the third quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 491 shares during the last quarter. US Bancorp DE raised its holdings in shares of Invesco by 4.1% during the third quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock valued at $295,000 after acquiring an additional 510 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Invesco by 4.9% in the third quarter. EverSource Wealth Advisors LLC now owns 13,582 shares of the asset manager’s stock valued at $312,000 after acquiring an additional 636 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

IVZ stock opened at $23.04 on Tuesday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $10.22 billion, a PE ratio of -14.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68. The business has a 50 day simple moving average of $26.71 and a 200-day simple moving average of $24.96.

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

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Invesco’s dividend payout ratio (DPR) is -52.50%.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of research analyst reports. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Argus set a $31.00 price objective on Invesco in a research note on Wednesday, January 28th. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. The Goldman Sachs Group lifted their target price on shares of Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and an average 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.