Hsbc Holdings PLC Raises Stock Holdings in Invesco Ltd. $IVZ

Hsbc Holdings PLC lifted its stake in Invesco Ltd. (NYSE:IVZ) by 36.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,088 shares of the asset manager’s stock after buying an additional 114,851 shares during the quarter. Hsbc Holdings PLC’s holdings in Invesco were worth $11,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Invesco during the 4th quarter worth approximately $95,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Invesco in the fourth quarter worth approximately $79,000. Compound Planning Inc. increased its stake in shares of Invesco by 29.8% in the fourth quarter. Compound Planning Inc. now owns 12,838 shares of the asset manager’s stock worth $337,000 after purchasing an additional 2,947 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Invesco in the fourth quarter worth $230,391,000. Finally, Corient Private Wealth LLC raised its position in shares of Invesco by 117.1% during the 4th quarter. Corient Private Wealth LLC now owns 121,098 shares of the asset manager’s stock valued at $3,181,000 after purchasing an additional 65,313 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE:IVZ opened at $25.84 on Friday. 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 Ltd. has a 1 year low of $15.30 and a 1 year high of $29.82. The stock’s 50 day simple moving average is $27.06 and its two-hundred day simple moving average is $26.41. The company has a market cap of $11.45 billion, a price-to-earnings ratio of -17.58, a PEG ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities analysts anticipate that Invesco Ltd. will post 2.57 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Cowen raised their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Argus reissued a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Weiss Ratings downgraded Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Invesco in a report on Wednesday. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average target price of $27.64.

About Invesco

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.