Gabelli Funds LLC Raises Stock Holdings in Invesco Ltd. $IVZ

Gabelli Funds LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 38.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,000 shares of the asset manager’s stock after acquiring an additional 60,000 shares during the quarter. Gabelli Funds LLC’s holdings in Invesco were worth $4,932,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of Invesco by 53.3% in the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock worth $16,802,000 after buying an additional 254,501 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in Invesco in the third quarter valued at about $3,021,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Invesco during the 3rd quarter valued at approximately $1,130,000. Thrivent Financial for Lutherans grew its position in shares of Invesco by 83.5% during 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 period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Invesco by 177.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock worth $639,000 after purchasing an additional 17,798 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 0.7%

IVZ opened at $23.84 on Tuesday. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $29.61. The company has a market cap of $10.58 billion, a PE ratio of -14.90, a price-to-earnings-growth ratio of 0.43 and a beta of 1.68. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $27.06 and a 200 day moving average of $24.91.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Invesco’s payout ratio is presently -52.50%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. BMO Capital Markets raised their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Argus set a $31.00 target price on Invesco in a research note on Wednesday, January 28th. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley set a $29.00 price target on Invesco in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $28.46.

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.