Savant Capital LLC Raises Holdings in Invesco Ltd. $IVZ

Savant Capital LLC boosted its position in Invesco Ltd. (NYSE:IVZ) by 42.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,363 shares of the asset manager’s stock after acquiring an additional 19,038 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS increased its position in Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock worth $2,225,000 after purchasing an additional 700 shares in the last quarter. IFP Advisors Inc boosted its position in Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after purchasing an additional 761 shares during the period. Forum Financial Management LP boosted its position in Invesco by 4.8% during the 2nd quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock worth $273,000 after purchasing an additional 791 shares during the period. Russell Investments Group Ltd. increased its holdings in Invesco by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock valued at $1,618,000 after purchasing an additional 792 shares in the last quarter. Finally, Poehling Capital Management INC. raised its position in Invesco by 0.3% in the second quarter. Poehling Capital Management INC. now owns 255,585 shares of the asset manager’s stock valued at $4,031,000 after purchasing an additional 824 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 0.2%

IVZ opened at $26.87 on Tuesday. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $29.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $11.96 billion, a PE ratio of -16.79, a P/E/G ratio of 0.48 and a beta of 1.69. The firm’s fifty day moving average price is $27.23 and its 200 day moving average price is $24.22.

Invesco (NYSE:IVZ) last released 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 during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be paid 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 dividend payout ratio is presently -52.50%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $31.00 in a research note on Wednesday, December 17th. JPMorgan Chase & Co. boosted their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Fundamental Research set a $27.00 price objective on shares of Invesco in a research report on Friday, October 31st. The Goldman Sachs Group boosted their target price on shares of Invesco from $28.75 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, TD Cowen set a $34.50 price target on shares of Invesco in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.43.

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.