Bank of New York Mellon Corp Has $85.37 Million Stock Position in Invesco Ltd. $IVZ

Bank of New York Mellon Corp raised its holdings in Invesco Ltd. (NYSE:IVZ) by 47.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,249,634 shares of the asset manager’s stock after buying an additional 1,040,096 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco were worth $85,368,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IVZ. Norges Bank acquired a new stake in shares of Invesco during the 4th quarter worth approximately $102,523,000. Holocene Advisors LP acquired a new stake in shares of Invesco during the 3rd quarter worth approximately $55,719,000. Samlyn Capital LLC acquired a new stake in shares of Invesco during the 3rd quarter worth approximately $44,567,000. Balyasny Asset Management L.P. grew its holdings in shares of Invesco by 58.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco by 989.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock worth $54,276,000 after purchasing an additional 1,744,862 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

IVZ has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. The Goldman Sachs Group boosted their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Evercore set a $31.00 price target on Invesco in a research note on Monday. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Barclays boosted their price target on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $27.64.

Invesco Trading Up 0.7%

NYSE IVZ opened at $27.54 on Tuesday. The stock has a 50-day simple moving average of $25.98 and a 200 day simple moving average of $26.07. The company has a market capitalization of $12.21 billion, a PE ratio of -18.74, a P/E/G ratio of 0.61 and a beta of 1.60. 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 12 month low of $14.44 and a 12 month high of $29.61.

Invesco (NYSE:IVZ) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Research analysts forecast that Invesco Ltd. will post 2.58 EPS for the current 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 issued a $0.215 dividend. 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 yield of 3.1%. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is currently -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.