Contravisory Investment Management Inc. Buys 45,260 Shares of Invesco Ltd. $IVZ

Contravisory Investment Management Inc. increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1,165.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,142 shares of the asset manager’s stock after purchasing an additional 45,260 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Invesco were worth $1,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IVZ. Citigroup Inc. boosted its holdings in shares of Invesco by 53.3% during the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after acquiring an additional 254,501 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Invesco in the 3rd quarter worth about $3,021,000. Jackson Creek Investment Advisors LLC acquired a new position in Invesco in the 3rd quarter worth about $1,130,000. Thrivent Financial for Lutherans raised its position in Invesco by 83.5% in the third quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock valued at $14,476,000 after purchasing an additional 287,219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Invesco by 177.2% during the third quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock valued at $639,000 after purchasing an additional 17,798 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IVZ shares. JPMorgan Chase & Co. boosted their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $31.00 in a report on Wednesday, December 17th. Morgan Stanley set a $29.00 price target on shares of Invesco in a research report on Monday, January 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.46.

Invesco Price Performance

Shares of IVZ opened at $23.76 on Tuesday. The business has a 50-day moving average of $26.23 and a 200-day moving average of $25.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of -14.85, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio is currently -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.