Evergreen Capital Management LLC Buys New Shares in Invesco Ltd. $IVZ

Evergreen Capital Management LLC bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,732 shares of the asset manager’s stock, valued at approximately $571,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after buying an additional 593,140 shares in the last quarter. State Street Corp lifted its stake in shares of Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after buying an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after buying an additional 319,104 shares in the last quarter. AQR Capital Management LLC lifted 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Invesco by 13.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after buying an additional 939,365 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of NYSE IVZ opened at $25.56 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $11.34 billion, a P/E ratio of -15.97, a P/E/G ratio of 0.63 and a beta of 1.66. The firm’s fifty day moving average is $24.57 and its two-hundred day moving average is $25.26. Invesco Ltd. has a 52-week low of $13.46 and a 52-week high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, analysts anticipate that Invesco Ltd. will post 2.49 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a $0.21 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Invesco’s payout ratio is -52.50%.

Analyst Ratings Changes

IVZ has been the topic of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of Invesco in a research note on Tuesday. The Goldman Sachs Group lowered their target price on shares of Invesco from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Argus set a $31.00 price target on shares of Invesco in a report on Wednesday, January 28th. Morgan Stanley reduced their price target on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, BMO Capital Markets reduced their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $27.11.

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.