Thrivent Financial for Lutherans Acquires 287,219 Shares of Invesco Ltd. $IVZ

Thrivent Financial for Lutherans lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 83.5% in the third quarter, Holdings Channel.com reports. The fund owned 631,046 shares of the asset manager’s stock after purchasing an additional 287,219 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco were worth $14,476,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IVZ. KLP Kapitalforvaltning AS raised its stake in shares of Invesco by 46.1% in the second quarter. KLP Kapitalforvaltning AS now owns 96,300 shares of the asset manager’s stock worth $1,519,000 after acquiring an additional 30,400 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Invesco by 177.2% in the third quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock valued at $639,000 after purchasing an additional 17,798 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Invesco in the 3rd quarter worth approximately $502,000. Aviance Capital Partners LLC acquired a new position in Invesco during the 3rd quarter worth $1,013,000. Finally, First Trust Advisors LP boosted its position in Invesco by 5,065.4% in the 2nd quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock valued at $53,317,000 after buying an additional 3,315,480 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley set a $29.00 price target on Invesco in a report on Monday, January 26th. TD Cowen set a $34.50 target price on shares of Invesco in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Invesco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $28.43.

Invesco Stock Up 1.0%

Invesco stock opened at $26.80 on Thursday. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of -16.75, a PEG ratio of 0.48 and a beta of 1.69. The company’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $24.08. 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 Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $29.61.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.1%. Invesco’s payout ratio is currently -52.50%.

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.