Invesco Ltd. $IVZ Shares Purchased by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lifted its position in Invesco Ltd. (NYSE:IVZ) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,117,152 shares of the asset manager’s stock after purchasing an additional 190,701 shares during the period. Invesco comprises about 1.2% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 23rd biggest holding. Basswood Capital Management L.L.C. owned about 0.25% of Invesco worth $29,348,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IVZ. American National Bank & Trust acquired a new position in shares of Invesco in the 4th quarter valued at $31,000. Larson Financial Group LLC lifted its stake in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the period. Torren Management LLC acquired a new position in Invesco during the fourth quarter worth $44,000. Root Financial Partners LLC raised its position in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in Invesco during the fourth quarter worth $46,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore set a $31.00 price objective on shares of Invesco in a research report on Monday, June 8th. Argus restated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings cut shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus target price of $27.64.

Invesco Stock Performance

IVZ opened at $28.90 on Friday. The firm has a market capitalization of $12.81 billion, a PE ratio of -19.66, a PEG ratio of 0.65 and a beta of 1.60. Invesco Ltd. has a twelve month low of $14.45 and a twelve month high of $29.61. The firm’s 50-day moving average price is $26.33 and its 200 day moving average price is $26.19. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01.

Invesco (NYSE:IVZ) last posted its quarterly earnings results 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 business 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 revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a boost 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 dividend payout ratio (DPR) 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.