TD Waterhouse Canada Inc. Increases Stock Holdings in Invesco Ltd. $IVZ

Key Points

• TD Waterhouse Canada increased its Invesco stake by 5,543.4% in the second quarter, purchasing 67,242 additional shares for a total holding of 68,455 shares valued at approximately $1.84 million. Institutional investors collectively own 66.09% of Invesco.
• Invesco reported quarterly EPS of $0.71, exceeding estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion. The company also maintains a quarterly dividend of $0.215 per share, equivalent to an annualized yield of about 2.7%.
• Analysts have a consensus “Hold” rating on IVZ, with an average price target of $30.88, below the reported opening price of $32.33.

TD Waterhouse Canada Inc. grew its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 5,543.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,455 shares of the asset manager's stock after purchasing an additional 67,242 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Invesco were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of IVZ. SJS Investment Consulting Inc. grew its position in shares of Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock valued at $29,000 after buying an additional 537 shares during the last quarter. Larson Financial Group LLC lifted its position in Invesco by 61.5% in the third 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 during the last quarter. Continuum Advisory LLC purchased a new stake in Invesco in the second quarter valued at $39,000. Root Financial Partners LLC boosted its stake in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock valued at $45,000 after acquiring an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Invesco in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Trading Down 2.2%

Shares of Invesco stock opened at $32.33 on Wednesday. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of -47.55, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63. Invesco Ltd. has a 52-week low of $20.67 and a 52-week high of $33.66. The company's 50-day simple moving average is $30.71 and its 200-day simple moving average is $27.58. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm's revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 14th. Invesco's dividend payout ratio is currently -126.47%.

Analyst Ratings Changes

A number of analysts have recently commented on IVZ shares. Evercore set a $35.00 target price on Invesco in a research report on Monday, August 10th. Zacks Research raised Invesco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Morgan Stanley lifted their price target on Invesco from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. Barclays boosted their price objective on Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Invesco from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus price target of $30.88.

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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