CIBC Asset Management Inc Boosts Stock Position in Invesco Ltd. $IVZ

CIBC Asset Management Inc grew its holdings in Invesco Ltd. (NYSE:IVZ) by 74.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,072 shares of the asset manager’s stock after buying an additional 42,245 shares during the quarter. CIBC Asset Management Inc’s holdings in Invesco were worth $2,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of Invesco by 47.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,249,634 shares of the asset manager’s stock valued at $85,368,000 after buying an additional 1,040,096 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Invesco by 3.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,423,764 shares of the asset manager’s stock valued at $168,752,000 after buying an additional 204,316 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Invesco by 11.4% in the fourth quarter. Natixis Advisors LLC now owns 60,343 shares of the asset manager’s stock valued at $1,585,000 after buying an additional 6,195 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after buying an additional 374 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its position in shares of Invesco by 2.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 20,714 shares of the asset manager’s stock valued at $544,000 after buying an additional 500 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on IVZ. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings lowered Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Morgan Stanley lowered their price target on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, TD Cowen lifted their price target on Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.29.

Invesco Stock Performance

NYSE IVZ opened at $27.32 on Monday. The stock’s fifty day moving average is $25.91 and its two-hundred day moving average is $26.03. The firm has a market capitalization of $12.11 billion, a P/E ratio of -18.59, a price-to-earnings-growth ratio of 0.61 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a fifty-two week low of $14.29 and a fifty-two week high of $29.61.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, research analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s dividend payout ratio is presently -58.50%.

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.