Sonoma Allocations LLC Acquires Shares of 447,018 Invesco Ltd. $IVZ

Key Points

• Sonoma Allocations LLC acquired 447,018 Invesco shares valued at approximately $11.8 million, making Invesco 4.5% of its portfolio and its sixth-largest holding.
• Analyst sentiment remains mixed but generally positive: Invesco has a consensus “Hold” rating and an average price target of $29.88, despite several firms raising their targets.
• Invesco beat quarterly earnings expectations with $0.71 EPS and $1.33 billion in revenue, up 20.5% year over year. The company also declared a quarterly dividend of $0.215 per share, representing a 2.7% annualized yield.

Sonoma Allocations LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 447,018 shares of the asset manager's stock, valued at approximately $11,797,000. Invesco comprises approximately 4.5% of Sonoma Allocations LLC's investment portfolio, making the stock its 6th biggest position. Sonoma Allocations LLC owned approximately 0.10% of Invesco at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. SJS Investment Consulting Inc. grew its stake in Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock valued at $29,000 after acquiring an additional 537 shares in the last quarter. Larson Financial Group LLC lifted its stake in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager's stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC purchased a new position in Invesco in the 4th quarter worth approximately $44,000. Root Financial Partners LLC boosted its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Invesco during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IVZ shares. Royal Bank Of Canada increased their price target on Invesco from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. TD Cowen boosted their price objective on Invesco from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, June 8th. BMO Capital Markets dropped their target price on Invesco from $32.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Barclays upped their target price on Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Invesco from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Invesco presently has an average rating of "Hold" and a consensus price target of $29.88.

Invesco Stock Down 0.3%

Shares of NYSE IVZ opened at $31.59 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of -46.46, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.45. The company has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $26.80. Invesco Ltd. has a 1 year low of $20.41 and a 1 year high of $32.55.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 2.8 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco's payout ratio is currently -126.47%.

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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