Ibex Wealth Advisors Boosts Stake in Invesco Ltd. $IVZ

Ibex Wealth Advisors raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1,532.3% during the 1st quarter, Holdings Channel reports. The fund owned 271,581 shares of the asset manager’s stock after purchasing an additional 254,943 shares during the period. Ibex Wealth Advisors’ holdings in Invesco were worth $6,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in shares of Invesco during the fourth quarter valued at about $33,254,000. SG Americas Securities LLC boosted its holdings in shares of Invesco by 2,834.7% in the 4th quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock valued at $7,759,000 after buying an additional 285,288 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of Invesco by 1,165.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock worth $1,291,000 after buying an additional 45,260 shares during the last quarter. Maltese Capital Management LLC grew its position in shares of Invesco by 110.0% in the 3rd quarter. Maltese Capital Management LLC now owns 315,000 shares of the asset manager’s stock worth $7,226,000 after buying an additional 165,000 shares during the last quarter. Finally, Park Capital Management LLC WI bought a new position in shares of Invesco during the 4th quarter worth approximately $1,204,000. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ opened at $28.58 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company’s fifty day moving average price is $27.45 and its 200-day moving average price is $26.45. Invesco Ltd. has a 1-year low of $16.49 and a 1-year high of $29.82. The firm has a market capitalization of $12.67 billion, a PE ratio of -19.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.62.

Invesco (NYSE:IVZ) last issued its 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 during 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%.The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. On average, equities research analysts predict that Invesco Ltd. will post 2.59 EPS for the current year.

Invesco Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 annualized dividend and a yield of 3.0%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is -58.50%.

Analyst Ratings Changes

A number of equities research analysts recently commented on IVZ shares. Evercore set a $31.00 target price on shares of Invesco in a research report on Monday, June 8th. BMO Capital Markets reduced their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. The Goldman Sachs Group increased their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley raised their price objective on Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $27.86.

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.