Savant Capital LLC Decreases Position in Invesco Ltd. $IVZ

Savant Capital LLC cut its stake in Invesco Ltd. (NYSE:IVZ) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,260 shares of the asset manager’s stock after selling 30,103 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. lifted its stake in Invesco by 53.3% in the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after buying an additional 254,501 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Invesco in the 3rd quarter valued at about $1,130,000. Thrivent Financial for Lutherans raised its holdings in Invesco by 83.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock valued at $14,476,000 after acquiring an additional 287,219 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in Invesco in the 3rd quarter valued at about $502,000. Finally, Vanguard Group Inc. raised its holdings in Invesco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after acquiring an additional 593,140 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Evercore set a $27.00 price objective on shares of Invesco in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.29.

Invesco Stock Down 0.1%

Shares of NYSE IVZ opened at $27.60 on Wednesday. The company has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $25.92. The company has a market capitalization of $12.23 billion, a P/E ratio of -18.77, a P/E/G ratio of 0.62 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. Invesco Ltd. has a 1 year low of $14.15 and a 1 year high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. On average, equities research analysts predict that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is -58.50%.

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.