Foundations Investment Advisors LLC Increases Stock Position in Invesco Ltd. $IVZ

Foundations Investment Advisors LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 127.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 49,805 shares of the asset manager’s stock after acquiring an additional 27,900 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco were worth $1,308,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new position in Invesco during the third quarter worth $30,000. American National Bank & Trust acquired a new position in Invesco during the fourth quarter worth $31,000. Larson Financial Group LLC raised its position in Invesco by 61.5% during the third 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 acquired a new position in Invesco during the fourth quarter worth $44,000. Finally, Brown Brothers Harriman & Co. raised its position in Invesco by 151.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock worth $47,000 after acquiring an additional 1,231 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 1.5%

IVZ opened at $28.47 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50 day simple moving average is $25.53 and its two-hundred day simple moving average is $25.88. Invesco Ltd. has a 1-year low of $14.15 and a 1-year high of $29.61. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of -19.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60.

Invesco (NYSE:IVZ) last released 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 positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. Invesco’s dividend payout ratio is -58.50%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IVZ shares. Morgan Stanley reduced their price objective on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Evercore set a $27.00 price objective on shares of Invesco in a research report on Friday, April 10th. TD Cowen upped their price objective on shares of Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.29.

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.