Invesco Ltd. $IVZ Holdings Boosted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its Invesco stake by 2.9% in the first quarter, adding 596,434 shares and ending with 21.36 million shares valued at about $518.8 million.
• Invesco reported mixed quarterly results, with EPS of $0.57 missing estimates by a penny while revenue rose 14% year over year to $1.26 billion, slightly below consensus.
• The company raised its quarterly dividend to $0.215 per share from $0.21, putting the annualized payout at $0.86 and the yield at roughly 2.9%.

Dimensional Fund Advisors LP raised its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,361,119 shares of the asset manager's stock after purchasing an additional 596,434 shares during the quarter. Dimensional Fund Advisors LP owned 4.81% of Invesco worth $518,836,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Ironwood Investment Counsel LLC lifted its stake in Invesco by 6.6% in the 1st quarter. Ironwood Investment Counsel LLC now owns 10,238 shares of the asset manager's stock worth $249,000 after acquiring an additional 637 shares in the last quarter. AlphaCentric Advisors LLC lifted its stake in Invesco by 71.1% in the first quarter. AlphaCentric Advisors LLC now owns 11,919 shares of the asset manager's stock valued at $290,000 after acquiring an additional 4,953 shares during the last quarter. KBC Group NV boosted its holdings in Invesco by 264.5% in the first quarter. KBC Group NV now owns 41,600 shares of the asset manager's stock worth $1,010,000 after purchasing an additional 30,186 shares in the last quarter. ANB Bank boosted its stake in shares of Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager's stock worth $299,000 after acquiring an additional 375 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Invesco by 1.9% during the first quarter. California Public Employees Retirement System now owns 698,485 shares of the asset manager's stock worth $16,966,000 after purchasing an additional 12,802 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Up 0.1%

Shares of IVZ stock opened at $29.67 on Tuesday. Invesco Ltd. has a 12 month low of $20.00 and a 12 month high of $31.02. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The firm has a market cap of $13.15 billion, a PE ratio of -20.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. The stock has a 50 day moving average of $27.80 and a 200-day moving average of $26.56.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data 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). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company's revenue was up 14.0% on a year-over-year basis. On average, equities analysts predict that Invesco Ltd. will post 2.78 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.215 dividend. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 2.9%. Invesco's payout ratio is currently -58.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Barclays lifted their target price on shares of Invesco from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. Morgan Stanley boosted their target price on shares of Invesco from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Friday. TD Cowen upped their price target on shares of Invesco from $32.00 to $33.00 and gave the company a "buy" rating in a report on Monday, June 8th. Finally, Jefferies Financial Group upgraded shares of Invesco to a "hold" rating in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $29.15.

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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