Wellington Management Group LLP Has $15.15 Million Stock Holdings in Invesco Ltd. $IVZ

Wellington Management Group LLP lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 127.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,267 shares of the asset manager’s stock after purchasing an additional 322,118 shares during the period. Wellington Management Group LLP owned 0.13% of Invesco worth $15,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Invesco in the second quarter valued at approximately $2,937,000. Great Lakes Advisors LLC bought a new stake in shares of Invesco in the 2nd quarter valued at $355,000. Contravisory Investment Management Inc. lifted its position in shares of Invesco by 1.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 49,852 shares of the asset manager’s stock valued at $1,316,000 after acquiring an additional 882 shares during the period. Gradient Investments LLC bought a new position in Invesco during the second quarter worth $742,000. Finally, Sonoma Allocations LLC bought a new stake in Invesco in the second quarter valued at $11,797,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Up 0.2%

IVZ stock opened at $33.13 on Tuesday. The firm has a market capitalization of $14.69 billion, a PE ratio of -48.72, a P/E/G ratio of 0.48 and a beta of 1.63. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a twelve month low of $20.67 and a twelve month high of $33.66. The stock’s 50 day moving average is $30.59 and its 200-day moving average is $27.54.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Sell-side analysts expect that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 14th. Invesco’s dividend payout ratio (DPR) is presently -126.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IVZ. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada downgraded Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Thursday, August 13th. Barclays upped their target price on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.88.

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.