Pacer Advisors Inc. Has $539,000 Position in Invesco Ltd. $IVZ

Pacer Advisors Inc. lowered its holdings in Invesco Ltd. (NYSE:IVZ) by 50.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,193 shares of the asset manager’s stock after selling 22,280 shares during the quarter. Pacer Advisors Inc.’s holdings in Invesco were worth $539,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in Invesco during the first quarter valued at approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after purchasing an additional 2,393 shares during the period. Woodline Partners LP raised its holdings in shares of Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after buying an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Invesco by 6.6% during the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after buying an additional 6,341 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $31.73 on Tuesday. The business has a fifty day moving average of $28.69 and a 200-day moving average of $26.81. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Invesco Ltd. has a twelve month low of $20.41 and a twelve month high of $32.55. The firm has a market cap of $14.07 billion, a PE ratio of -46.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts predict that Invesco Ltd. will post 2.8 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th. Invesco’s dividend payout ratio is presently -126.47%.

Analysts Set New Price Targets

IVZ has been the topic of several recent analyst reports. Barclays boosted their price target on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Argus reissued a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group upped their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.12.

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.