Dimensional Fund Advisors LP Acquires 319,104 Shares of Invesco Ltd. $IVZ

Key Points

• Dimensional Fund Advisors LP boosted its stake in Invesco by 1.5% in Q3, buying 319,104 shares to hold 21,330,647 shares (about 4.78% of the company) worth roughly $489.3 million.
• Invesco beat quarterly estimates with $0.62 EPS versus $0.58 and $1.26 billion in revenue (up 6.1% year-over-year), and recently paid a $0.21 quarterly dividend (annualized $0.84, a 3.3% yield).
• Analysts have a consensus Hold rating on IVZ with an average price target of $28.46, while institutional investors own about 66.09% of the stock.

Dimensional Fund Advisors LP grew its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,330,647 shares of the asset manager's stock after buying an additional 319,104 shares during the period. Dimensional Fund Advisors LP owned approximately 4.78% of Invesco worth $489,325,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IVZ. Wealthfront Advisers LLC boosted its holdings 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 acquiring an additional 474 shares in the last quarter. CI Investments Inc. lifted its holdings in shares of Invesco by 21.5% in the 3rd quarter. CI Investments Inc. now owns 2,780 shares of the asset manager's stock worth $64,000 after purchasing an additional 491 shares in the last quarter. US Bancorp DE grew its position in Invesco by 4.1% in the 3rd quarter. US Bancorp DE now owns 12,879 shares of the asset manager's stock valued at $295,000 after purchasing an additional 510 shares during the period. EverSource Wealth Advisors LLC grew its position in Invesco by 4.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,582 shares of the asset manager's stock valued at $312,000 after purchasing an additional 636 shares during the period. Finally, MAI Capital Management raised its holdings in Invesco by 3.9% during the third quarter. MAI Capital Management now owns 17,985 shares of the asset manager's stock worth $413,000 after buying an additional 677 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus set a $31.00 price target on Invesco in a research note on Wednesday, January 28th. The Goldman Sachs Group lifted their target price on Invesco from $29.50 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price target on Invesco from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets increased their price target on Invesco from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, December 10th. Finally, Barclays cut their price objective on shares of Invesco from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report 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. Based on data from MarketBeat, Invesco has a consensus rating of "Hold" and an average target price of $28.46.

Invesco Stock Performance

NYSE IVZ opened at $25.25 on Thursday. The firm has a market cap of $11.24 billion, a P/E ratio of -15.78, a price-to-earnings-growth ratio of 0.46 and a beta of 1.68. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. The company's 50 day moving average is $27.24 and its 200-day moving average is $24.81. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $29.61.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a $0.21 dividend. 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 3.3%. Invesco's dividend payout ratio is presently -52.50%.

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.

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.