Invesco Ltd. $IVZ Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,363 shares of the asset manager’s stock after purchasing an additional 19,038 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $1,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVZ. Envestnet Asset Management Inc. grew its position in Invesco by 89.9% during the third quarter. Envestnet Asset Management Inc. now owns 39,731 shares of the asset manager’s stock worth $911,000 after buying an additional 18,810 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Invesco during the 3rd quarter worth approximately $612,000. Allianz Asset Management GmbH grew its holdings in shares of Invesco by 30.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,485,494 shares of the asset manager’s stock worth $34,077,000 after acquiring an additional 345,923 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in Invesco in the 3rd quarter valued at approximately $1,130,000. Finally, Jones Financial Companies Lllp raised its holdings in Invesco by 22.1% during the third quarter. Jones Financial Companies Lllp now owns 144,976 shares of the asset manager’s stock worth $3,294,000 after purchasing an additional 26,195 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $26.87 on Tuesday. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of -16.79, a PEG ratio of 0.48 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.23 and a current ratio of 1.23. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61. The company’s 50 day simple moving average is $27.23 and its 200 day simple moving average is $24.22.

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

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Invesco’s dividend payout ratio is currently -52.50%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Invesco from $28.75 to $29.50 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Fundamental Research set a $27.00 price objective on shares of Invesco in a research note on Friday, October 31st. TD Cowen set a $34.50 target price on shares of Invesco in a research report on Wednesday, January 28th. BMO Capital Markets upped their price target on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.