Inceptionr LLC Invests $493,000 in Invesco Ltd. $IVZ

Inceptionr LLC purchased a new stake in Invesco Ltd. (NYSE:IVZ) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,511 shares of the asset manager’s stock, valued at approximately $493,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in Invesco by 250.0% in the third quarter. Private Advisor Group LLC now owns 39,918 shares of the asset manager’s stock valued at $916,000 after acquiring an additional 28,513 shares during the last quarter. Parallel Advisors LLC boosted its stake in Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Invesco by 10.9% during the third quarter. Natixis Advisors LLC now owns 54,148 shares of the asset manager’s stock worth $1,242,000 after purchasing an additional 5,307 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Invesco by 38.7% during the third quarter. Gabelli Funds LLC now owns 215,000 shares of the asset manager’s stock worth $4,932,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Invesco by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after purchasing an additional 319,104 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IVZ shares. Argus set a $31.00 target price on Invesco in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $31.00 in a research note on Wednesday, December 17th. BMO Capital Markets boosted their price objective on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. Finally, TD Cowen set a $34.50 target price on shares of Invesco in a research report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.46.

Invesco Price Performance

Invesco stock opened at $23.98 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50 day simple moving average of $27.01 and a 200-day simple moving average of $24.93. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $29.61. The stock has a market capitalization of $10.64 billion, a PE ratio of -14.98, a price-to-earnings-growth ratio of 0.43 and a beta of 1.68.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. Equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Invesco’s payout ratio is presently -52.50%.

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.