Invesco Ltd. $IVZ Shares Purchased by Macquarie Group Ltd.

Macquarie Group Ltd. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,979,258 shares of the asset manager’s stock after buying an additional 27,065 shares during the period. Macquarie Group Ltd.’s holdings in Invesco were worth $78,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Citigroup Inc. boosted its holdings in Invesco by 53.3% in the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after purchasing an additional 254,501 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Invesco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares during the last quarter. Cibc World Market Inc. acquired a new position in Invesco in the 3rd quarter valued at about $2,293,000. Caprock Group LLC acquired a new position in Invesco in the 3rd quarter valued at about $892,000. Finally, Contravisory Investment Management Inc. boosted its holdings in Invesco by 1,165.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock valued at $1,291,000 after purchasing an additional 45,260 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Barclays boosted their target price on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $27.64.

Invesco Price Performance

Invesco stock opened at $28.90 on Friday. The company’s 50 day simple moving average is $26.33 and its 200-day simple moving average is $26.19. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of -19.66, a price-to-earnings-growth ratio of 0.63 and a beta of 1.60. Invesco Ltd. has a 1 year low of $14.45 and a 1 year high of $29.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. As a group, equities research analysts expect that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s payout ratio is presently -58.50%.

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.