Gradient Investments LLC Invests $742,000 in Invesco Ltd. $IVZ

Gradient Investments LLC acquired a new position in Invesco Ltd. (NYSE:IVZ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,112 shares of the asset manager’s stock, valued at approximately $742,000.

Several other institutional investors have also recently made changes to their positions in IVZ. SJS Investment Consulting Inc. boosted its holdings in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares during the last quarter. Torren Management LLC acquired a new position in shares of Invesco in the 4th quarter valued at about $44,000. Root Financial Partners LLC boosted its stake in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Invesco in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IVZ shares. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. boosted their price target on Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. The Goldman Sachs Group raised their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their target price on shares of Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.88.

Invesco Price Performance

NYSE:IVZ opened at $31.59 on Monday. Invesco Ltd. has a 52 week low of $20.41 and a 52 week high of $32.55. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $14.01 billion, a PE ratio of -46.46, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The stock’s 50-day moving average price is $28.61 and its 200-day moving average price is $26.78.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, equities analysts expect that Invesco Ltd. will post 2.8 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. Invesco’s payout ratio is -126.47%.

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.