Rhumbline Advisers Sells 38,812 Shares of Invesco Ltd. $IVZ

Rhumbline Advisers decreased its position in Invesco Ltd. (NYSE:IVZ) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 833,295 shares of the asset manager’s stock after selling 38,812 shares during the quarter. Rhumbline Advisers owned 0.19% of Invesco worth $19,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Convergence Investment Partners LLC purchased a new stake in shares of Invesco in the third quarter worth approximately $3,021,000. Jackson Creek Investment Advisors LLC bought a new position in Invesco in the 3rd quarter valued at $1,130,000. Thrivent Financial for Lutherans increased its stake in Invesco by 83.5% in the third quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock worth $14,476,000 after purchasing an additional 287,219 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Invesco by 177.2% during the third quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock worth $639,000 after purchasing an additional 17,798 shares during the last quarter. Finally, Aviance Capital Partners LLC purchased a new stake in shares of Invesco during the third quarter valued at $1,013,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Down 0.4%

IVZ opened at $26.41 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of -16.51, a PEG ratio of 0.48 and a beta of 1.69. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $29.61. The stock has a fifty day moving average price of $27.37 and a 200-day moving average price of $24.44.

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

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 13th. Invesco’s payout ratio is -52.50%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. BMO Capital Markets boosted their price target on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Fundamental Research set a $27.00 price objective on Invesco in a research note on Friday, October 31st. Finally, Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.46.

Invesco 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.