Vanguard Group Inc. Increases Position in Invesco Ltd. $IVZ

Vanguard Group Inc. boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 52,018,068 shares of the asset manager’s stock after purchasing an additional 593,140 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Invesco worth $1,193,294,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp increased its position in shares of Invesco by 3.9% in the third quarter. Fifth Third Bancorp now owns 22,870 shares of the asset manager’s stock valued at $525,000 after buying an additional 849 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco by 22.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 145,322 shares of the asset manager’s stock valued at $3,334,000 after acquiring an additional 27,045 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Invesco in the 3rd quarter worth $236,000. Assetmark Inc. increased its holdings in Invesco by 123.9% in the 3rd quarter. Assetmark Inc. now owns 35,250 shares of the asset manager’s stock worth $809,000 after acquiring an additional 19,507 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Invesco by 3.7% during the third quarter. Public Sector Pension Investment Board now owns 96,158 shares of the asset manager’s stock worth $2,206,000 after acquiring an additional 3,459 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

IVZ stock opened at $26.46 on Friday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $11.78 billion, a PE ratio of -16.54, a price-to-earnings-growth ratio of 0.48 and a beta of 1.69. The business has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $24.53.

Invesco (NYSE:IVZ) last released 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 for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s dividend payout ratio is currently -52.50%.

Analyst Ratings Changes

IVZ has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada cut their price objective on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. The Goldman Sachs Group increased their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Morgan Stanley set a $29.00 price target on Invesco in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.46.

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.