Jackson Creek Investment Advisors LLC Acquires New Holdings in Invesco Ltd. $IVZ

Jackson Creek Investment Advisors LLC bought a new position in Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 49,261 shares of the asset manager’s stock, valued at approximately $1,130,000.

Several other large investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC increased its holdings in shares of Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after purchasing an additional 1,633 shares during the period. CNB Bank purchased a new position in Invesco during the third quarter worth about $26,000. Root Financial Partners LLC purchased a new position in Invesco during the third quarter worth about $30,000. IFP Advisors Inc increased its stake in Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Invesco in the 3rd quarter valued at about $37,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Up 0.4%

NYSE:IVZ opened at $27.41 on Tuesday. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61. The company has a market capitalization of $12.20 billion, a PE ratio of -17.13, a P/E/G ratio of 0.49 and a beta of 1.65. The firm’s 50-day moving average price is $27.02 and its 200-day moving average price is $24.02. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend payout ratio (DPR) is -52.50%.

Analysts Set New Price Targets

Several brokerages have recently commented on IVZ. Wall Street Zen raised Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada cut their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Argus set a $31.00 price objective on shares of Invesco in a research report on Wednesday, January 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Invesco from $28.75 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.43.

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.