Prana Capital Management LP Grows Stake in Invesco Ltd. $IVZ

Prana Capital Management LP increased its position in Invesco Ltd. (NYSE:IVZ) by 425.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 998,874 shares of the asset manager’s stock after acquiring an additional 808,882 shares during the period. Prana Capital Management LP owned about 0.22% of Invesco worth $22,914,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IVZ. First Trust Advisors LP boosted its position in Invesco by 5,065.4% in the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after purchasing an additional 3,315,480 shares during the last quarter. Norges Bank purchased a new stake in shares of Invesco during the 2nd quarter valued at about $51,838,000. Holocene Advisors LP purchased a new stake in shares of Invesco during the 3rd quarter valued at about $55,719,000. Samlyn Capital LLC bought a new position in shares of Invesco in the 3rd quarter worth approximately $44,567,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Invesco by 58.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 3.1%

Shares of IVZ stock opened at $23.74 on Wednesday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $10.53 billion, a PE ratio of -14.84, a PEG ratio of 0.44 and a beta of 1.68. The stock has a fifty day simple moving average of $26.62 and a two-hundred day simple moving average of $24.98.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The business 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 business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. On average, analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio (DPR) is -52.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVZ. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. TD Cowen set a $34.50 price target on shares of Invesco in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.