F m Investments LLC Purchases New Shares in Invesco Ltd. $IVZ

Key Points

• F m Investments LLC opened a new position in Invesco during the fourth quarter, buying 60,651 shares worth about $1.59 million.
• Invesco’s latest quarterly results were slightly below expectations, with EPS of $0.57 versus estimates of $0.58 and revenue of $1.26 billion versus $1.27 billion expected.
• The company raised its quarterly dividend to $0.215 per share, bringing the annualized yield to about 3.1%; analysts currently have a consensus rating of Hold with a $27.29 price target.

F m Investments LLC purchased a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 60,651 shares of the asset manager's stock, valued at approximately $1,593,000.

Several other large investors have also added to or reduced their stakes in IVZ. CNB Bank bought a new stake in Invesco in the third quarter valued at $26,000. Root Financial Partners LLC bought a new stake in Invesco in the third quarter valued at $30,000. Sentry Investment Management LLC bought a new stake in Invesco in the third quarter valued at $30,000. American National Bank & Trust bought a new stake in Invesco in the fourth quarter valued at $31,000. Finally, Larson Financial Group LLC boosted its holdings in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager's stock valued at $34,000 after acquiring an additional 558 shares in the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Stock Performance

Shares of IVZ stock opened at $27.57 on Monday. The company's fifty day moving average price is $24.58 and its 200-day moving average price is $25.43. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The stock has a market cap of $12.23 billion, a PE ratio of -18.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. Invesco Ltd. has a 12 month low of $14.10 and a 12 month high of $29.61.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts expect that Invesco Ltd. will post 2.57 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is presently -57.14%.

Analysts Set New Price Targets

Several equities analysts have commented on IVZ shares. Barclays raised their price objective on Invesco from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. BMO Capital Markets dropped their target price on shares of Invesco from $32.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada restated an "outperform" rating and set a $31.00 target price on shares of Invesco in a report on Tuesday, April 21st. Evercore set a $27.00 target price on shares of Invesco in a report on Friday, April 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.29.

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.

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