Algert Global LLC Sells 34,690 Shares of Invesco Ltd. $IVZ

Algert Global LLC cut its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 447,807 shares of the asset manager’s stock after selling 34,690 shares during the period. Algert Global LLC owned approximately 0.10% of Invesco worth $10,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. Capital A Wealth Management LLC grew its position in shares of Invesco by 4,802.9% in the 2nd 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 during the period. CNB Bank acquired a new position in Invesco in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new position in Invesco during the 3rd quarter worth about $30,000. Sentry Investment Management LLC bought a new position in Invesco during the 3rd quarter worth about $30,000. Finally, Quent Capital LLC acquired a new stake in shares of Invesco in the 3rd quarter valued at about $37,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. TD Cowen set a $34.50 price objective on shares of Invesco in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $31.00 in a research report on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Performance

IVZ opened at $22.98 on Monday. The company has a quick ratio of 1.38, 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 business has a 50 day moving average of $26.82 and a 200-day moving average of $24.96. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of -14.36, a PEG ratio of 0.44 and a beta of 1.68.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Invesco’s payout ratio is presently -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.