Assetmark Inc. Acquires 19,507 Shares of Invesco Ltd. $IVZ

Assetmark Inc. boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 123.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,250 shares of the asset manager’s stock after buying an additional 19,507 shares during the quarter. Assetmark Inc.’s holdings in Invesco were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC boosted its stake in shares of Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 1,633 shares in the last quarter. CNB Bank bought a new position in Invesco in the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in Invesco in the third quarter valued at approximately $30,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the third quarter worth $30,000. Finally, Quent Capital LLC bought a new stake in shares of Invesco during the third quarter worth $37,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

IVZ has been the topic of several recent research reports. TD Cowen set a $34.50 price objective on Invesco in a report on Wednesday, January 28th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Morgan Stanley set a $29.00 price target on Invesco in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.46.

Invesco Price Performance

Shares of IVZ opened at $26.46 on Friday. The business has a 50-day moving average of $27.36 and a 200-day moving average of $24.51. 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 company has a market capitalization of $11.78 billion, a price-to-earnings ratio of -16.54, a price-to-earnings-growth ratio of 0.47 and a beta of 1.69. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend payout ratio (DPR) is currently -52.50%.

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.