Invesco Ltd. $IVZ Position Trimmed by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Invesco by 31.7% in Q4, selling 128,524 shares and leaving it with 277,296 shares (about 0.06% of the company, worth $7.29M).
• Other institutions reshuffled positions: Holocene Advisors and Samlyn established large new stakes, Balyasny added significantly, and Wealth Enhancement grew its holding by 989.7% to 1,921,158 shares; overall institutional ownership is ~66.09%.
• Analysts' consensus is a Hold with an average target of $27.29; Invesco reported quarterly EPS of $0.57 (missing estimates) and revenue of $1.26B (up 14% YoY), and raised its quarterly dividend to $0.215 (annualized $0.86, ~3.3% yield).

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 277,296 shares of the asset manager's stock after selling 128,524 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Invesco worth $7,285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Holocene Advisors LP bought a new stake in shares of Invesco during the 3rd quarter valued at about $55,719,000. Samlyn Capital LLC bought a new position in Invesco in the third quarter worth about $44,567,000. Balyasny Asset Management L.P. boosted its stake in Invesco by 58.1% in the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager's stock valued at $80,304,000 after acquiring an additional 1,871,666 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco by 989.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager's stock valued at $54,276,000 after purchasing an additional 1,744,862 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Invesco during the third quarter valued at approximately $34,777,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Invesco from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday. Argus restated a "hold" rating on shares of Invesco in a research note on Wednesday. Zacks Research lowered Invesco from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Evercore set a $27.00 target price on Invesco in a research note on Friday, April 10th. Finally, Barclays boosted their price target on shares of Invesco from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $27.29.

Invesco Price Performance

Shares of IVZ opened at $25.92 on Friday. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of -17.63, a price-to-earnings-growth ratio of 0.59 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.38. Invesco Ltd. has a one year low of $14.04 and a one year high of $29.61. The stock's fifty day moving average is $24.52 and its 200-day moving average is $25.33.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share 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 analyst estimates of $1.27 billion. Invesco had a positive return on equity of 10.65% and a negative net margin of 6.11%.The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Equities analysts anticipate that Invesco Ltd. will post 2.57 EPS for the current 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 paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is currently -57.14%.

Invesco Company 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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