Barclays PLC Sells 903,029 Shares of Invesco Ltd. $IVZ

Key Points

• Barclays PLC sold 903,029 shares of Invesco in the third quarter, trimming its stake by 33.8% to 1,767,826 shares (about 0.40% of the company), worth roughly $40.6 million.
• Invesco recently beat quarterly estimates with $0.62 EPS vs. $0.58 expected and $1.26 billion in revenue (up 6.1% year-over-year), and pays a quarterly dividend of $0.21 (annualized $0.84, ~3.5% yield).
• Analyst sentiment is mixed: the consensus rating is Hold with an average target of $28.46, though individual firms have issued both upgrades and target reductions.

Barclays PLC trimmed its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 33.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,767,826 shares of the asset manager's stock after selling 903,029 shares during the period. Barclays PLC owned 0.40% of Invesco worth $40,554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in Invesco in the first quarter valued at about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 valued at $543,000 after buying an additional 2,393 shares during the last quarter. Woodline Partners LP lifted its position in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock valued at $574,000 after buying an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Invesco by 1.2% in the 1st 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 valued at $15,878,000 after buying an additional 12,685 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Invesco by 26.8% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,998 shares of the asset manager's stock valued at $78,000 after buying an additional 1,055 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

NYSE IVZ opened at $23.98 on Wednesday. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -14.98, a PEG ratio of 0.43 and a beta of 1.68. 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 stock's fifty day moving average price is $27.01 and its 200 day moving average price is $24.93. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS 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 analysts' expectations of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts forecast 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. Investors of record on Friday, February 13th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Invesco's payout ratio is -52.50%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of analyst reports. Wall Street Zen cut shares of Invesco from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Royal Bank Of Canada reduced their price target on Invesco from $35.00 to $33.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Invesco in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Invesco from a "hold" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $31.00 in a research report on Wednesday, December 17th. Finally, Barclays dropped their target price on Invesco from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $28.46.

Invesco 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.

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