QRG Capital Management Inc. Cuts Stock Position in Invesco Ltd. $IVZ

Key Points

• QRG Capital Management cut its stake in Invesco by 33.0%, selling 64,345 shares in Q4 and finishing the quarter with 130,480 shares valued at $3.428 million.
• Invesco slightly missed the most recent quarter—EPS $0.57 versus a $0.58 estimate and revenue of $1.26 billion versus $1.27 billion—although revenue rose 14% year‑over‑year.
• The company raised its quarterly dividend to $0.215 (annualized $0.86, about a 3.1% yield), while analysts carry a consensus "Hold" rating with a $27.29 target amid mixed price‑target revisions.

QRG Capital Management Inc. decreased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,480 shares of the asset manager's stock after selling 64,345 shares during the quarter. QRG Capital Management Inc.'s holdings in Invesco were worth $3,428,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CNB Bank purchased a new position in shares of Invesco in the 3rd quarter worth about $26,000. Root Financial Partners LLC bought a new stake in Invesco during the 3rd quarter valued at about $30,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the third quarter worth approximately $30,000. American National Bank & Trust bought a new stake in shares of Invesco during the fourth quarter valued at approximately $31,000. Finally, Larson Financial Group LLC lifted its position in Invesco by 61.5% in the 3rd 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. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

NYSE IVZ opened at $27.36 on Thursday. The business's fifty day moving average is $24.57 and its 200 day moving average is $25.40. Invesco Ltd. has a fifty-two week low of $14.10 and a fifty-two week high of $29.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $12.14 billion, a PE ratio of -18.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.60.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 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 the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 10.65% and a negative net margin of 6.11%.The firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. Sell-side analysts predict that Invesco Ltd. will post 2.57 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.215 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. Invesco's dividend payout ratio is presently -57.14%.

Analyst Ratings Changes

Several research firms recently commented on IVZ. TD Cowen increased their price objective on Invesco from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Invesco from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Zacks Research downgraded shares of Invesco from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Barclays increased their price target on Invesco from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Finally, Morgan Stanley dropped their target price on Invesco from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, Invesco has a consensus rating of "Hold" and a consensus target price 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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