Buckley Wealth Management LLC Buys Shares of 58,860 Invesco Ltd. $IVZ

Buckley Wealth Management LLC bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 58,860 shares of the asset manager’s stock, valued at approximately $1,546,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares in the last quarter. State Street Corp increased its holdings in Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after acquiring an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after acquiring an additional 319,104 shares in the last quarter. AQR Capital Management LLC increased its holdings in Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Invesco by 13.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after acquiring an additional 939,365 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

Several research firms have weighed in on IVZ. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Evercore set a $31.00 target price on shares of Invesco in a report on Monday. Barclays raised their target price on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Morgan Stanley lowered their price target on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings downgraded shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Four investment 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, Invesco presently has a consensus rating of “Hold” and an average target price of $27.64.

Invesco Stock Performance

Shares of NYSE IVZ opened at $28.25 on Friday. The company has a market cap of $12.52 billion, a PE ratio of -19.22, a price-to-earnings-growth ratio of 0.61 and a beta of 1.60. Invesco Ltd. has a 12 month low of $14.45 and a 12 month high of $29.61. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50-day simple moving average of $26.24 and a 200-day simple moving average of $26.17.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.215 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. Invesco’s 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.