Corient Private Wealth LLC Buys 31,856 Shares of Invesco Ltd. $IVZ

Corient Private Wealth LLC grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 57.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 87,641 shares of the asset manager’s stock after buying an additional 31,856 shares during the period. Corient Private Wealth LLC’s holdings in Invesco were worth $2,302,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in IVZ. American National Bank & Trust bought a new position in Invesco during the fourth quarter valued at about $31,000. Larson Financial Group LLC lifted its position 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 worth $34,000 after acquiring an additional 558 shares during the period. Torren Management LLC bought a new stake in shares of Invesco in the 4th quarter worth approximately $44,000. Root Financial Partners LLC grew its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $46,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IVZ. Barclays upped their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. TD Cowen boosted their price target on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Evercore set a $31.00 price objective on shares of Invesco in a research note on Monday, June 8th. 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 analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $26.18 on Monday. The business’s fifty day moving average price is $27.09 and its two-hundred day moving average price is $26.41. Invesco Ltd. has a fifty-two week low of $15.54 and a fifty-two week high of $29.82. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of -17.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60. 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 (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, analysts predict that Invesco Ltd. will post 2.59 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently announced 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. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. 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.