Tennessee Valley Asset Management Partners Purchases New Position in Invesco Ltd. $IVZ

Tennessee Valley Asset Management Partners purchased a new position in Invesco Ltd. (NYSE:IVZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,915 shares of the asset manager’s stock, valued at approximately $617,000.

Several other large investors have also bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Invesco by 18.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Invesco by 0.6% in the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock worth $1,966,000 after purchasing an additional 474 shares during the period. CI Investments Inc. lifted its position in Invesco by 21.5% during the third quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock valued at $64,000 after buying an additional 491 shares during the period. US Bancorp DE boosted its holdings in shares of Invesco by 4.1% during the 3rd quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock valued at $295,000 after buying an additional 510 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Invesco by 4.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,582 shares of the asset manager’s stock worth $312,000 after buying an additional 636 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Down 0.2%

Shares of Invesco stock opened at $23.92 on Thursday. The company has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $24.92. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $10.61 billion, a PE ratio of -14.95, a price-to-earnings-growth ratio of 0.46 and a beta of 1.68.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $1.26 billion during 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%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were given a dividend of $0.21 per share. 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 dividend payout ratio (DPR) is -52.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Morgan Stanley set a $29.00 target price on shares of Invesco in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $31.00 in a report on Wednesday, December 17th. Finally, Argus set a $31.00 price target on Invesco in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.