Invesco Ltd. $IVZ Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,088 shares of the asset manager’s stock after purchasing an additional 114,851 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of Invesco worth $11,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American National Bank & Trust acquired a new stake in Invesco during the 4th quarter worth about $31,000. Larson Financial Group LLC boosted its holdings in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares during the period. Torren Management LLC purchased a new position in shares of Invesco in the fourth quarter worth approximately $44,000. 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 worth $45,000 after acquiring an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Invesco during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Down 1.6%

Invesco stock opened at $27.40 on Wednesday. The firm has a market cap of $12.15 billion, a PE ratio of -18.64, a P/E/G ratio of 0.62 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day moving average price is $27.37 and its two-hundred day moving average price is $26.44. Invesco Ltd. has a twelve month low of $16.49 and a twelve month high of $29.82.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.44 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts predict that Invesco Ltd. will post 2.59 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed 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 of this dividend 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 3.1%. Invesco’s payout ratio is -58.50%.

Wall Street Analyst Weigh In

IVZ has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. BMO Capital Markets cut their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Argus restated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Barclays increased their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Evercore set a $31.00 price target on Invesco in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.86.

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.