Erste Asset Management GmbH Has $5.68 Million Stock Holdings in Invesco Ltd. $IVZ

Erste Asset Management GmbH increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,613 shares of the asset manager’s stock after buying an additional 21,103 shares during the quarter. Erste Asset Management GmbH’s holdings in Invesco were worth $5,680,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IVZ. Norges Bank acquired a new stake in Invesco during the fourth quarter valued at approximately $102,523,000. Holocene Advisors LP acquired a new stake in Invesco during the third quarter valued at approximately $55,719,000. Samlyn Capital LLC acquired a new stake in Invesco during the third quarter valued at approximately $44,567,000. Balyasny Asset Management L.P. boosted its holdings in Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock valued at $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco by 989.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock valued at $54,276,000 after purchasing an additional 1,744,862 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IVZ. The Goldman Sachs Group lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen lifted their target price on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets cut their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of Invesco in a research note on Tuesday, April 21st. Finally, Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.64.

Invesco Stock Up 1.1%

Shares of IVZ opened at $27.85 on Wednesday. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of -18.95, a PEG ratio of 0.62 and a beta of 1.60. 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 business’s fifty day moving average price is $26.07 and its two-hundred day moving average price is $26.10. Invesco Ltd. has a 52 week low of $14.45 and a 52 week high of $29.61.

Invesco (NYSE:IVZ) last announced 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 firm 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 firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts predict that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently announced 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 dividend yield of 3.1%. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend 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.