Aberdeen Group plc Decreases Holdings in Invesco Ltd. $IVZ

Aberdeen Group plc lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 30.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 53,506 shares of the asset manager’s stock after selling 23,390 shares during the quarter. Aberdeen Group plc’s holdings in Invesco were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC boosted its holdings in Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 1,633 shares in the last quarter. CNB Bank acquired a new stake in Invesco during the third quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Invesco during the 3rd quarter worth approximately $30,000. Sentry Investment Management LLC acquired a new position in shares of Invesco in the 3rd quarter valued at $30,000. Finally, Quent Capital LLC acquired a new position in shares of Invesco in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the topic of several research analyst reports. Royal Bank Of Canada cut their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Fundamental Research set a $27.00 target price on Invesco in a research report on Friday, October 31st. BMO Capital Markets boosted their target price on Invesco from $28.00 to $30.00 and gave the company 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 research note on Wednesday, January 28th. Finally, Barclays cut their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.46.

Invesco Stock Performance

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 price-to-earnings-growth ratio of 0.48 and a beta of 1.69. The firm’s fifty day moving average price is $27.36 and its 200 day moving average price is $24.53. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings data 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 company had revenue of $1.26 billion during 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 9.69%. Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

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

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.