Exchange Traded Concepts LLC Increases Stake in Invesco Ltd. $IVZ

Exchange Traded Concepts LLC lifted its position in Invesco Ltd. (NYSE:IVZ) by 1,848.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,767 shares of the asset manager’s stock after acquiring an additional 223,665 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Invesco were worth $6,194,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IVZ. Integrated Wealth Concepts LLC bought a new stake in Invesco in the first quarter worth about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after buying an additional 2,393 shares during the period. Woodline Partners LP grew its stake in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after buying an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Invesco by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after buying an additional 12,685 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Invesco by 10.6% in the second quarter. Creative Planning now owns 32,007 shares of the asset manager’s stock worth $505,000 after buying an additional 3,079 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Up 0.1%

Shares of NYSE IVZ opened at $23.22 on Monday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of -14.51, a PEG ratio of 0.44 and a beta of 1.68. The stock has a 50 day moving average price of $25.84 and a 200 day moving average price of $25.07. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS 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 the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Sell-side analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Invesco’s dividend payout ratio is presently -52.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 28th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. TD Cowen set a $34.50 target price on Invesco in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $28.46.

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.