TD Waterhouse Canada Inc. Grows Stock Holdings in Invesco Ltd. $IVZ

TD Waterhouse Canada Inc. boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 5,543.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 68,455 shares of the asset manager’s stock after purchasing an additional 67,242 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Invesco were worth $1,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IVZ. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco in the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after purchasing an additional 2,393 shares during the last quarter. Woodline Partners LP raised its holdings in Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Invesco by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 6,341 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IVZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada downgraded shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price target on the stock. in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.88.

Invesco Price Performance

IVZ opened at $32.33 on Wednesday. Invesco Ltd. has a 1 year low of $20.67 and a 1 year high of $33.66. The company’s 50 day simple moving average is $30.71 and its 200 day simple moving average is $27.58. The stock has a market capitalization of $14.33 billion, a PE ratio of -47.55, a P/E/G ratio of 0.48 and a beta of 1.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. Invesco’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 14th. Invesco’s dividend payout ratio is presently -126.47%.

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.