Vanguard Group Inc. Purchases 947,693 Shares of Invesco Ltd. $IVZ

Key Points

• Vanguard Group increased its stake in Invesco by 1.8% in Q4, buying 947,693 shares to hold 52,965,761 shares (about 11.90%) valued at roughly $1.39 billion.
• Invesco reported quarterly EPS of $0.57 (vs. $0.58 expected) and revenue of $1.26 billion (up 14% y/y), and raised its quarterly dividend to $0.215/share (annualized $0.86, ~3.3% yield).
• The stock has a market cap of about $11.6 billion and a consensus analyst rating of Hold with an average target price of $27.29 and a 12‑month trading range of $13.86–$29.61.

Vanguard Group Inc. increased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,965,761 shares of the asset manager's stock after purchasing an additional 947,693 shares during the period. Vanguard Group Inc. owned approximately 11.90% of Invesco worth $1,391,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager's stock worth $351,051,000 after buying an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager's stock valued at $489,325,000 after acquiring an additional 319,104 shares in the last quarter. AQR Capital Management LLC increased its position in Invesco by 5.3% during the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager's stock worth $182,491,000 after acquiring an additional 584,035 shares during the period. Alliancebernstein L.P. increased its position in Invesco by 13.4% during the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager's stock worth $124,973,000 after acquiring an additional 939,365 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Invesco by 5.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,197,841 shares of the asset manager's stock worth $119,238,000 after purchasing an additional 258,995 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

IVZ stock opened at $26.21 on Friday. The company's 50-day moving average price is $24.52 and its two-hundred day moving average price is $25.31. The firm has a market cap of $11.63 billion, a P/E ratio of -17.83, a P/E/G ratio of 0.64 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.79. Invesco Ltd. has a 12 month low of $13.86 and a 12 month high of $29.61.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion for 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 business's revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. On average, analysts anticipate that Invesco Ltd. will post 2.48 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm 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. This represents a $0.86 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 15th. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is -57.14%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 24th. The Goldman Sachs Group boosted their price target on Invesco from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen downgraded Invesco from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Barclays raised their price objective on Invesco from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Morgan Stanley dropped their price objective on Invesco from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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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