Advisors Preferred LLC Invests $931,000 in Invesco Ltd. $IVZ

Advisors Preferred LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,306 shares of the asset manager’s stock, valued at approximately $931,000.

A number of other institutional investors have also added to or reduced their stakes in IVZ. Capital A Wealth Management LLC grew its position 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 acquiring an additional 1,633 shares during the period. CNB Bank bought a new stake in shares of Invesco in the 3rd quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in shares of Invesco in the 3rd quarter valued at about $30,000. Sentry Investment Management LLC acquired a new stake in Invesco in the 3rd quarter valued at about $30,000. Finally, Quent Capital LLC bought a new position in Invesco during the third quarter worth about $37,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of NYSE IVZ opened at $26.46 on Friday. 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 cap of $11.78 billion, a price-to-earnings ratio of -16.54, a P/E/G ratio of 0.48 and a beta of 1.69. The stock’s fifty day moving average price is $27.36 and its two-hundred day moving average price is $24.53. Invesco Ltd. has a one year low of $11.60 and a one year high of $29.61.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Invesco’s payout ratio is currently -52.50%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IVZ shares. BMO Capital Markets upped their price objective on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. TD Cowen set a $34.50 price target on Invesco in a research note on Wednesday, January 28th. Morgan Stanley set a $29.00 price target on Invesco in a report on Monday, January 26th. The Goldman Sachs Group lifted their price objective on shares of Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada dropped their price objective on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given 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 $28.46.

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.