Sequoia Financial Advisors LLC Acquires 20,503 Shares of Invesco Ltd. $IVZ

Sequoia Financial Advisors LLC boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 73.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,344 shares of the asset manager’s stock after acquiring an additional 20,503 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manske Wealth Management acquired a new position in Invesco in the fourth quarter valued at about $229,000. Intact Investment Management Inc. acquired a new position in Invesco in the fourth quarter valued at about $79,000. AlphaStar Capital Management LLC acquired a new position in Invesco in the fourth quarter valued at about $234,000. Del Sette Capital Management LLC boosted its position in Invesco by 3.9% in the fourth quarter. Del Sette Capital Management LLC now owns 136,320 shares of the asset manager’s stock valued at $3,581,000 after buying an additional 5,164 shares in the last quarter. Finally, Danske Bank A S boosted its position in Invesco by 80.0% in the fourth quarter. Danske Bank A S now owns 5,400 shares of the asset manager’s stock valued at $142,000 after buying an additional 2,400 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

IVZ opened at $28.40 on Wednesday. Invesco Ltd. has a one year low of $14.10 and a one year high of $29.61. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50 day simple moving average is $24.65 and its 200-day simple moving average is $25.53. The stock has a market capitalization of $12.60 billion, a P/E ratio of -19.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.44 earnings per share. Invesco’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 2.57 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, May 15th. Invesco’s payout ratio is currently -57.14%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IVZ shares. TD Cowen boosted their price target on shares of Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Barclays boosted their price target on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore set a $27.00 price target on shares of Invesco in a research report on Friday, April 10th. Finally, Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $27.29.

Invesco 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.