Cibc World Market Inc. Takes Position in Invesco Ltd. $IVZ

Cibc World Market Inc. bought a new position in Invesco Ltd. (NYSE:IVZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 99,955 shares of the asset manager’s stock, valued at approximately $2,293,000.

Several other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of Invesco by 5,065.4% during the 2nd 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 in the last quarter. Norges Bank purchased a new stake in Invesco during the second quarter valued at $51,838,000. Balyasny Asset Management L.P. lifted its position in Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock valued at $80,304,000 after purchasing an additional 1,871,666 shares during the last quarter. Bank of America Corp DE lifted its position in 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 last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Invesco by 13.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $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 Trading Up 1.1%

Shares of IVZ opened at $26.52 on Tuesday. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of -16.57, a PEG ratio of 0.48 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61. The company has a 50-day moving average of $27.37 and a 200 day moving average of $24.40.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping 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 9.69%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced 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. 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 is currently -52.50%.

Analyst Ratings Changes

IVZ has been the subject of a number of analyst reports. Fundamental Research set a $27.00 price target on shares of Invesco in a report on Friday, October 31st. Argus set a $31.00 price objective on Invesco in a research note on Wednesday, January 28th. BMO Capital Markets lifted their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada lowered their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.46.

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.