Citigroup Inc. Acquires 254,501 Shares of Invesco Ltd. $IVZ

Citigroup Inc. raised its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 53.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 732,436 shares of the asset manager’s stock after buying an additional 254,501 shares during the quarter. Citigroup Inc.’s holdings in Invesco were worth $16,802,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Capital A Wealth Management LLC grew its stake 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 acquiring an additional 1,633 shares during the last quarter. CNB Bank bought a new stake in Invesco in the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in Invesco in the 3rd quarter worth $30,000. Sentry Investment Management LLC acquired a new stake in Invesco in the 3rd quarter worth $30,000. Finally, Quent Capital LLC bought a new position in shares of Invesco during the 3rd quarter worth about $37,000. 66.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

IVZ has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Argus set a $31.00 price target on Invesco in a report on Wednesday, January 28th. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada reduced their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.46.

Invesco Stock Down 3.1%

Shares of NYSE IVZ opened at $26.26 on Friday. The stock has a market cap of $11.69 billion, a PE ratio of -16.41, a PEG ratio of 0.49 and a beta of 1.69. The business has a fifty day moving average of $27.35 and a two-hundred day moving average of $24.70. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.23 and a current ratio of 1.38.

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 business 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 10.26%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts expect 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. Shareholders 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 yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend 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.