Exchange Traded Concepts LLC Raises Position in Invesco Ltd. $IVZ

Exchange Traded Concepts LLC grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 1,848.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,767 shares of the asset manager’s stock after acquiring an additional 223,665 shares during the period. Exchange Traded Concepts LLC owned about 0.05% of Invesco worth $6,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Invesco by 53.3% in the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock worth $16,802,000 after acquiring an additional 254,501 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Invesco during the third quarter valued at approximately $3,021,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Invesco in the third quarter worth approximately $1,130,000. Thrivent Financial for Lutherans boosted its position in shares of Invesco by 83.5% in the third quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock worth $14,476,000 after purchasing an additional 287,219 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Invesco by 177.2% in the third quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock worth $639,000 after purchasing an additional 17,798 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 0.1%

IVZ opened at $23.22 on Monday. The stock has a 50-day moving average of $25.84 and a 200 day moving average of $25.07. The company has a current ratio of 1.38, a quick 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 firm has a market cap of $10.30 billion, a P/E ratio of -14.51, a P/E/G ratio of 0.44 and a beta of 1.68.

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

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were given 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 3.6%. Invesco’s payout ratio is currently -52.50%.

Analysts Set New Price Targets

Several analysts have recently commented on IVZ shares. TD Cowen set a $34.50 price objective on shares of Invesco in a research report on Wednesday, January 28th. Morgan Stanley set a $29.00 target price on shares of Invesco in a report on Monday, January 26th. The Goldman Sachs Group increased their price target on Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.46.

Invesco 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.