Sterling Capital Management LLC Boosts Holdings in Invesco Ltd. $IVZ

Sterling Capital Management LLC grew its stake in Invesco Ltd. (NYSE:IVZ) by 340.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,093 shares of the asset manager’s stock after purchasing an additional 73,517 shares during the quarter. Sterling Capital Management LLC’s holdings in Invesco were worth $2,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Aaron Wealth Advisors LLC raised its position in shares of Invesco by 37.3% during the 1st quarter. Aaron Wealth Advisors LLC now owns 12,404 shares of the asset manager’s stock worth $301,000 after purchasing an additional 3,372 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Invesco in the 1st quarter valued at about $549,000. Ritholtz Wealth Management boosted its holdings in Invesco by 20.6% in the 1st quarter. Ritholtz Wealth Management now owns 11,355 shares of the asset manager’s stock worth $276,000 after buying an additional 1,936 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in Invesco by 12.0% in the 1st quarter. Global Financial Private Client LLC now owns 16,735 shares of the asset manager’s stock worth $406,000 after buying an additional 1,798 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Invesco during the 1st quarter worth approximately $1,085,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $26.18 on Monday. The firm has a market cap of $11.61 billion, a PE ratio of -17.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 52 week low of $15.54 and a 52 week high of $29.82. The business’s fifty day simple moving average is $27.09 and its 200-day simple moving average is $26.41.

Invesco (NYSE:IVZ) last issued its quarterly earnings data 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Equities analysts forecast that Invesco Ltd. will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.3%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s payout ratio is -58.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IVZ shares. Argus restated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Weiss Ratings downgraded Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. BMO Capital Markets decreased their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Invesco in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.86.

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.