Invesco Ltd. $IVZ Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 989.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,921,158 shares of the asset manager’s stock after purchasing an additional 1,744,862 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco were worth $54,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wedmont Private Capital lifted its holdings in shares of Invesco by 2.2% in the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock valued at $588,000 after buying an additional 456 shares during the period. Parallel Advisors LLC raised its position in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after purchasing an additional 472 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Invesco by 0.6% in the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after acquiring an additional 474 shares in the last quarter. CI Investments Inc. boosted its stake in Invesco by 21.5% during the 3rd quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock worth $64,000 after purchasing an additional 491 shares during the last quarter. Finally, US Bancorp DE grew its stake in Invesco by 4.1% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $23.16 on Monday. The company’s fifty day moving average is $26.33 and its two-hundred day moving average is $25.01. 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 $10.27 billion, a P/E ratio of -14.47, a PEG ratio of 0.44 and a beta of 1.68. Invesco Ltd. has a one year low of $11.60 and a one year high of $29.61.

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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were issued a $0.21 dividend. The ex-dividend date 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 is currently -52.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada cut their price objective on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Finally, Zacks Research downgraded 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock 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.