40,349 Shares in Invesco Ltd. $IVZ Purchased by Caprock Group LLC

Caprock Group LLC acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 40,349 shares of the asset manager’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Capital A Wealth Management LLC increased its position in Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 1,633 shares in the last quarter. CNB Bank bought a new position in Invesco in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Invesco in the 3rd quarter valued at $30,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the third quarter worth $30,000. Finally, IFP Advisors Inc lifted its stake in shares of Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 761 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

IVZ opened at $26.52 on Monday. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of -16.57, a P/E/G ratio of 0.48 and a beta of 1.69. The business’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $24.36. Invesco Ltd. has a 1 year low of $11.60 and a 1 year 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.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.Invesco’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Invesco’s dividend payout ratio (DPR) is -52.50%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IVZ. Wall Street Zen raised Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Royal Bank Of Canada cut their price objective on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Argus set a $31.00 target price on shares of Invesco in a research report on Wednesday, January 28th. BMO Capital Markets increased their price target on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $28.46.

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.