Erste Asset Management GmbH Has $5.68 Million Stake in Invesco Ltd. $IVZ

Erste Asset Management GmbH raised its stake in Invesco Ltd. (NYSE:IVZ) by 11.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 211,613 shares of the asset manager’s stock after buying an additional 21,103 shares during the period. Erste Asset Management GmbH’s holdings in Invesco were worth $5,680,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IVZ. Vanguard Group Inc. grew its holdings in shares of Invesco by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp grew its holdings in shares of Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after buying an additional 332,340 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after buying an additional 319,104 shares during the period. AQR Capital Management LLC grew its holdings in shares of Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after buying an additional 584,035 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Invesco by 13.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after buying an additional 939,365 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the subject of several research analyst reports. TD Cowen boosted their price target on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday. Argus reissued a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Morgan Stanley decreased their price target on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $27.64.

Invesco Price Performance

Shares of NYSE IVZ opened at $27.85 on Wednesday. The firm has a market cap of $12.35 billion, a PE ratio of -18.95, a PEG ratio of 0.62 and a beta of 1.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 1-year low of $14.45 and a 1-year high of $29.61. The company has a fifty day moving average price of $26.07 and a 200 day moving average price of $26.10.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion during 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%.Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Research analysts predict that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

About Invesco

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.