UBS Group AG Sells 565,777 Shares of Invesco Ltd. $IVZ

Key Points

• UBS Group AG sold 565,777 shares of Invesco in Q4 (a 16.6% reduction), leaving it with 2,841,830 shares—about 0.64% of the company—valued at roughly $74.7 million.
• Invesco missed quarterly EPS and revenue expectations ($0.57 vs $0.58 EPS; $1.26B vs $1.27B revenue) though revenue was up 14% year-over-year; the company has a negative net margin and analysts’ consensus rating is Hold with an average target of $27.29.
• Invesco raised its quarterly dividend to $0.215 (annualized $0.86), implying a ~3.3% yield, payable June 2 with a May 15 record/ex-dividend date.

UBS Group AG lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,841,830 shares of the asset manager's stock after selling 565,777 shares during the period. UBS Group AG owned about 0.64% of Invesco worth $74,655,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC grew its holdings in shares of Invesco by 8.3% during the 4th quarter. Sanctuary Advisors LLC now owns 19,057 shares of the asset manager's stock valued at $501,000 after purchasing an additional 1,467 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager's stock valued at $1,391,411,000 after purchasing an additional 947,693 shares during the last quarter. waypoint wealth counsel grew its holdings in shares of Invesco by 6.9% during the 4th quarter. waypoint wealth counsel now owns 9,484 shares of the asset manager's stock valued at $249,000 after purchasing an additional 616 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Invesco by 20.9% during the 4th quarter. HB Wealth Management LLC now owns 18,375 shares of the asset manager's stock valued at $483,000 after purchasing an additional 3,181 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Invesco by 27.1% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 179,293 shares of the asset manager's stock valued at $4,710,000 after purchasing an additional 38,279 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Trading Up 0.1%

Shares of IVZ opened at $25.92 on Monday. The stock has a market capitalization of $11.50 billion, a P/E ratio of -17.63, a PEG ratio of 0.60 and a beta of 1.60. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $24.52 and a two-hundred day simple moving average of $25.34. Invesco Ltd. has a twelve month low of $14.04 and a twelve month high of $29.61.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The company's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. On average, research analysts anticipate that Invesco Ltd. will post 2.57 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.3%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is -57.14%.

Wall Street Analyst Weigh In

Several research firms recently commented on IVZ. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $30.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $31.00 target price on shares of Invesco in a report on Tuesday, April 21st. TD Cowen increased their price target on shares of Invesco from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Evercore set a $27.00 price target on shares of Invesco in a research report on Friday, April 10th. Finally, The Goldman Sachs Group increased their price target on shares of Invesco from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.29.

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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