Foundations Investment Advisors LLC Acquires Shares of 21,905 Invesco Ltd. $IVZ

Foundations Investment Advisors LLC purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,905 shares of the asset manager’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS grew its holdings in Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock worth $2,225,000 after acquiring an additional 700 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after purchasing an additional 761 shares during the last quarter. Forum Financial Management LP grew its stake in Invesco by 4.8% in the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock worth $273,000 after purchasing an additional 791 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Invesco by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock valued at $1,618,000 after buying an additional 792 shares during the last quarter. Finally, Poehling Capital Management INC. increased its holdings in Invesco by 0.3% in the second quarter. Poehling Capital Management INC. now owns 255,585 shares of the asset manager’s stock valued at $4,031,000 after buying an additional 824 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $27.41 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $12.20 billion, a PE ratio of -17.13, a P/E/G ratio of 0.49 and a beta of 1.65. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61. The business’s fifty day moving average price is $27.02 and its two-hundred day moving average price is $24.02.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be given a $0.21 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.1%. Invesco’s dividend payout ratio is -52.50%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IVZ shares. Fundamental Research set a $27.00 target price on Invesco in a report on Friday, October 31st. Barclays dropped their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 28th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted 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 Tuesday, January 20th. Finally, TD Cowen set a $34.50 target price on shares of Invesco in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.43.

About Invesco

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.