SG Americas Securities LLC Lowers Stake in Invesco Ltd. $IVZ

SG Americas Securities LLC cut its stake in Invesco Ltd. (NYSE:IVZ) by 78.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,341 shares of the asset manager’s stock after selling 233,011 shares during the period. SG Americas Securities LLC’s holdings in Invesco were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. American National Bank & Trust bought a new stake in Invesco during the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its stake in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares in the last quarter. Torren Management LLC bought a new position in Invesco in the 4th quarter worth about $44,000. Root Financial Partners LLC increased its position in shares of Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Invesco during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several research analyst reports. BMO Capital Markets decreased their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group increased their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore set a $31.00 price objective on Invesco in a report on Monday, June 8th. Argus reaffirmed a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of Invesco in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $27.86.

Invesco Price Performance

Shares of IVZ opened at $27.05 on Friday. The company has a 50 day moving average price of $27.25 and a 200-day moving average price of $26.41. Invesco Ltd. has a fifty-two week low of $16.49 and a fifty-two week high of $29.82. The stock has a market capitalization of $11.99 billion, a PE ratio of -18.40, a PEG ratio of 0.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings data 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities analysts predict that Invesco Ltd. will post 2.59 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. Shareholders of record on Friday, May 15th were issued a dividend of $0.215 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, May 15th. 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.