Citigroup Inc. Has $16.80 Million Holdings in Invesco Ltd. $IVZ

Citigroup Inc. grew its holdings in Invesco Ltd. (NYSE:IVZ) by 53.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 732,436 shares of the asset manager’s stock after purchasing an additional 254,501 shares during the period. Citigroup Inc. owned about 0.16% of Invesco worth $16,802,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Invesco by 1.2% during the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares in the last quarter. State Street Corp lifted its position in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after buying an additional 332,340 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after buying an additional 584,035 shares during the period. Geode Capital Management LLC grew its holdings in shares of Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock valued at $174,816,000 after acquiring an additional 88,094 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Invesco by 13.4% in the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after acquiring an additional 939,365 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IVZ. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. BMO Capital Markets upped their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. The Goldman Sachs Group boosted their price target on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Finally, Barclays dropped their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have given 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 a consensus price target of $28.46.

Invesco Trading Down 3.1%

NYSE:IVZ opened at $26.26 on Friday. The company’s 50 day moving average is $27.35 and its 200-day moving average is $24.70. The company has a quick ratio of 1.23, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $29.61. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of -16.41, a P/E/G ratio of 0.49 and a beta of 1.69.

Invesco (NYSE:IVZ) last posted 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. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. Invesco’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. Equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend 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.