Elevated Capital Advisors LLC Sells 29,847 Shares of Invesco Ltd. $IVZ

Elevated Capital Advisors LLC lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 92.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,513 shares of the asset manager’s stock after selling 29,847 shares during the period. Elevated Capital Advisors LLC’s holdings in Invesco were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IVZ. SJS Investment Consulting Inc. increased its holdings in Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the period. American National Bank & Trust bought a new position in Invesco in the 4th quarter valued at $31,000. Larson Financial Group LLC grew its position in shares of Invesco by 61.5% during 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 in the last quarter. Torren Management LLC purchased a new position in shares of Invesco during the 4th quarter valued at $44,000. Finally, Root Financial Partners LLC increased its holdings 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 purchasing an additional 374 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets decreased their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group upped their target price on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore set a $32.00 price target on shares of Invesco in a research note on Friday. Morgan Stanley boosted their price objective on shares of Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Finally, Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.69.

Invesco Trading Up 1.3%

NYSE IVZ traded up $0.37 during trading on Friday, hitting $28.98. The company had a trading volume of 3,991,850 shares, compared to its average volume of 4,836,902. 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 Ltd. has a one year low of $16.49 and a one year high of $29.82. The company has a market cap of $12.85 billion, a price-to-earnings ratio of -19.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62. The company’s fifty day moving average is $27.52 and its 200-day moving average is $26.47.

Invesco (NYSE:IVZ) last announced its 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). 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 the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts predict that Invesco Ltd. will post 2.65 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.0%. 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. 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.