Hsbc Holdings PLC Buys 114,851 Shares of Invesco Ltd. $IVZ

Hsbc Holdings PLC grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 36.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 431,088 shares of the asset manager’s stock after purchasing an additional 114,851 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Invesco worth $11,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American National Bank & Trust bought a new stake in Invesco during the 4th quarter valued at $31,000. Larson Financial Group LLC grew its holdings in Invesco by 61.5% in the 3rd 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 last quarter. Torren Management LLC purchased a new position in shares of Invesco in the fourth quarter valued at about $44,000. Root Financial Partners LLC increased its position 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 valued at $45,000 after acquiring an additional 374 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Invesco during the fourth quarter valued at about $46,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 0.5%

NYSE:IVZ opened at $25.84 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average price is $27.06 and its 200-day moving average price is $26.41. Invesco Ltd. has a 52 week low of $15.30 and a 52 week high of $29.82. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of -17.58, a PEG ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.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 business posted $0.44 EPS. On average, equities research analysts forecast that Invesco Ltd. will post 2.57 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a $0.215 dividend. 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. This represents a $0.86 annualized dividend and a yield of 3.3%. Invesco’s payout ratio is -58.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore set a $31.00 target price on shares of Invesco in a report on Monday, June 8th. Morgan Stanley reduced their price target on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. The Goldman Sachs Group upped their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.64.

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.