Sei Investments Co. Buys 231,926 Shares of Invesco Ltd. $IVZ

Sei Investments Co. lifted its stake in Invesco Ltd. (NYSE:IVZ) by 19.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,396,191 shares of the asset manager’s stock after buying an additional 231,926 shares during the quarter. Sei Investments Co.’s holdings in Invesco were worth $35,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 374 shares during the last quarter. ANB Bank boosted its holdings in shares of Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after purchasing an additional 375 shares during the last quarter. Carrera Capital Advisors boosted its holdings in shares of Invesco by 3.7% during the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after purchasing an additional 408 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC grew its position in shares of Invesco by 3.8% during the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after purchasing an additional 452 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IVZ shares. BMO Capital Markets decreased their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Evercore set a $32.00 price target on Invesco in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada increased their target price on Invesco from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.31.

Invesco Trading Down 0.1%

Shares of IVZ stock opened at $29.91 on Monday. The company has a market cap of $13.26 billion, a PE ratio of -20.34, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62. Invesco Ltd. has a 1 year low of $20.08 and a 1 year high of $31.02. The stock’s 50 day simple moving average is $27.98 and its two-hundred day simple moving average is $26.65. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 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 positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. Research analysts predict that Invesco Ltd. will post 2.78 earnings per share for the current year.

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.