Caprock Group LLC Makes New Investment in Invesco Ltd. $IVZ

Caprock Group LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,349 shares of the asset manager’s stock, valued at approximately $892,000.

Other large investors have also modified their holdings of the company. First Trust Advisors LP increased its stake in Invesco by 5,065.4% during the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after acquiring an additional 3,315,480 shares during the last quarter. Norges Bank acquired a new stake in shares of Invesco in the second quarter valued at about $51,838,000. Balyasny Asset Management L.P. lifted its position in Invesco by 58.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after acquiring an additional 1,871,666 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco by 52.6% during the second quarter. Bank of America Corp DE now owns 2,893,883 shares of the asset manager’s stock valued at $45,637,000 after purchasing an additional 997,825 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Invesco by 13.4% during the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after purchasing an additional 939,365 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

IVZ opened at $26.52 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $27.36 and its two-hundred day moving average price is $24.36. The firm has a market capitalization of $11.80 billion, a P/E ratio of -16.57, a price-to-earnings-growth ratio of 0.48 and a beta of 1.69. Invesco Ltd. has a 12-month low of $11.60 and a 12-month 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 the consensus estimate 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IVZ. BMO Capital Markets increased their price target on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. The Goldman Sachs Group raised their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. 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. Finally, Barclays reduced their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research 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. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus price target of $28.46.

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.