Gabelli Funds LLC Buys 60,000 Shares of Invesco Ltd. $IVZ

Key Points

• Gabelli Funds LLC boosted its stake in Invesco by 38.7% in Q3, buying 60,000 shares to hold 215,000 shares worth about $4.93 million.
• Other major institutions (Vanguard, State Street, Dimensional, AQR, Geode) also increased positions, and institutional investors now own 66.09% of Invesco.
• Invesco beat recent quarterly estimates (EPS $0.62 vs. $0.58; revenue $1.26B vs. $1.24B), pays a $0.21 quarterly dividend (≈3.5% yield), but still shows a negative net margin and a negative PE while analysts' consensus is a “Hold” with a $28.46 target.

Gabelli Funds LLC boosted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 38.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,000 shares of the asset manager's stock after purchasing an additional 60,000 shares during the quarter. Gabelli Funds LLC's holdings in Invesco were worth $4,932,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IVZ. Vanguard Group Inc. grew its stake in shares of Invesco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager's stock valued at $1,193,294,000 after buying an additional 593,140 shares during the period. State Street Corp raised its stake in Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager's stock worth $351,051,000 after buying an additional 332,340 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Invesco by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager's stock worth $489,325,000 after acquiring an additional 319,104 shares in the last quarter. AQR Capital Management LLC grew its stake in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager's stock valued at $182,491,000 after acquiring an additional 584,035 shares during the period. Finally, Geode Capital Management LLC grew its stake in Invesco by 0.8% in the second quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager's stock valued at $174,816,000 after acquiring an additional 88,094 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Price Performance

Shares of NYSE:IVZ opened at $23.84 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. The stock has a market cap of $10.58 billion, a PE ratio of -14.90, a price-to-earnings-growth ratio of 0.43 and a beta of 1.68. The stock's fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $24.91. 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 posted its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm 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 business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco's dividend payout ratio is presently -52.50%.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Invesco in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a "hold" rating to a "buy" rating and boosted their price target for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Royal Bank Of Canada lowered their price objective on shares of Invesco from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Wednesday, January 28th. Argus set a $31.00 price objective on shares of Invesco in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 price objective on shares of Invesco in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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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