Invesco Ltd. $IVZ Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Invesco Ltd. (NYSE:IVZ) by 5.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,431,694 shares of the asset manager’s stock after buying an additional 182,060 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco were worth $83,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its position in shares of Invesco by 80.1% during the first 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 last quarter. American National Bank & Trust bought a new stake in Invesco in the 4th quarter valued at about $31,000. Larson Financial Group LLC lifted its position in 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 last quarter. Torren Management LLC acquired a new position in Invesco during the 4th quarter valued at about $44,000. Finally, Root Financial Partners LLC boosted its stake in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Argus reiterated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Barclays boosted their price objective on Invesco from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Evercore set a $32.00 target price on Invesco in a research report on Friday, July 10th. Finally, BMO Capital Markets lowered their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.15.

Invesco Stock Up 1.3%

Invesco stock opened at $30.05 on Wednesday. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of -20.44, a PEG ratio of 0.48 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $27.84 and its two-hundred day moving average price is $26.59. Invesco Ltd. has a 52 week low of $20.00 and a 52 week high of $31.02.

Invesco (NYSE:IVZ) last released 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. On average, analysts expect that Invesco Ltd. will post 2.78 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a dividend of $0.215 per share. 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 dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio (DPR) is -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.