Financiere des Professionnels Fonds d investissement inc. Buys New Stake in Invesco Ltd. $IVZ

Financiere des Professionnels Fonds d investissement inc. purchased a new position in Invesco Ltd. (NYSE:IVZ) during the 1st quarter, Holdings Channel.com reports. The firm purchased 207,800 shares of the asset manager’s stock, valued at approximately $5,047,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Invesco by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after purchasing an additional 947,693 shares during the last quarter. State Street Corp increased 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 worth $351,051,000 after buying an additional 332,340 shares during the last quarter. AQR Capital Management LLC increased 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 worth $182,491,000 after buying an additional 584,035 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Invesco during the 4th quarter valued at about $230,391,000. Finally, Alliancebernstein L.P. raised its position in shares of Invesco by 13.4% during 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 in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Argus restated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Barclays upped their price objective on Invesco from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Jefferies Financial Group raised Invesco to a “hold” rating in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $29.08.

Invesco Price Performance

Invesco stock opened at $30.26 on Friday. The firm has a 50-day moving average price of $27.73 and a 200-day moving average price of $26.52. The firm has a market capitalization of $13.41 billion, a PE ratio of -20.59, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. 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 12-month low of $16.84 and a 12-month high of $31.02.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 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 analysts’ expectations 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 prior year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that Invesco Ltd. will post 2.74 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.8%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

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.