SG Americas Securities LLC Trims Position in Invesco Ltd. $IVZ

SG Americas Securities LLC trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 78.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,341 shares of the asset manager’s stock after selling 233,011 shares during the period. SG Americas Securities LLC’s holdings in Invesco were worth $1,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IVZ. Contravisory Investment Management Inc. lifted its position in shares of Invesco by 1,165.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock worth $1,291,000 after buying an additional 45,260 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Invesco during the third quarter valued at approximately $1,469,000. Wedge Capital Management L L P NC purchased a new position in Invesco during the 4th quarter valued at approximately $33,254,000. Maltese Capital Management LLC grew its holdings in Invesco by 110.0% during the 3rd quarter. Maltese Capital Management LLC now owns 315,000 shares of the asset manager’s stock valued at $7,226,000 after buying an additional 165,000 shares in the last quarter. Finally, Park Capital Management LLC WI bought a new stake in Invesco in the 4th quarter worth approximately $1,204,000. 66.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on IVZ shares. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of Invesco in a research report on Thursday. The Goldman Sachs Group lifted their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Morgan Stanley upped their price objective on Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, Evercore set a $31.00 price objective on Invesco in a research note on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $27.86.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $27.05 on Friday. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of -18.40, a PEG ratio of 0.60 and a beta of 1.62. Invesco Ltd. has a 12 month low of $16.49 and a 12 month high of $29.82. The firm’s 50-day moving average is $27.25 and its 200 day moving average is $26.41. 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 (NYSE:IVZ) last announced its quarterly earnings data 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). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts predict that Invesco Ltd. will post 2.59 EPS for the current year.

Invesco Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is -58.50%.

Invesco Company 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.