Geode Capital Management LLC Sells 277,914 Shares of Invesco Ltd. $IVZ

Geode Capital Management LLC cut its holdings in Invesco Ltd. (NYSE:IVZ) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,925,140 shares of the asset manager’s stock after selling 277,914 shares during the period. Geode Capital Management LLC owned 2.45% of Invesco worth $286,470,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bleakley Financial Group LLC bought a new position in Invesco during the fourth quarter valued at about $317,000. Atlatl Advisers LLC bought a new position in Invesco during the fourth quarter valued at about $2,566,000. Fisher Asset Management LLC increased its stake in Invesco by 6.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,508,744 shares of the asset manager’s stock valued at $144,715,000 after acquiring an additional 310,903 shares during the period. Coldstream Capital Management Inc. increased its stake in Invesco by 4.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 12,458 shares of the asset manager’s stock valued at $327,000 after acquiring an additional 573 shares during the period. Finally, Guinness Asset Management LTD increased its stake in Invesco by 28.1% during the fourth quarter. Guinness Asset Management LTD now owns 37,433 shares of the asset manager’s stock valued at $1,005,000 after acquiring an additional 8,217 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Barclays increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Evercore set a $27.00 price objective on shares of Invesco in a research note on Friday, April 10th. Finally, TD Cowen increased their price objective on shares of Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.29.

Invesco Price Performance

Shares of NYSE IVZ opened at $27.51 on Tuesday. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of -18.71, a PEG ratio of 0.64 and a beta of 1.60. The business has a 50-day moving average of $25.61 and a 200-day moving average of $25.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. Invesco Ltd. has a fifty-two week low of $14.15 and a fifty-two week high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts predict that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is -58.50%.

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.