Savant Capital LLC Reduces Position in Invesco Ltd. $IVZ

Savant Capital LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,260 shares of the asset manager’s stock after selling 30,103 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $900,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in Invesco in the first quarter valued at $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Invesco by 7.2% in the first 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 last quarter. Woodline Partners LP boosted its holdings in Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after purchasing an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Invesco by 1.2% in the first 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 valued at $15,878,000 after purchasing an additional 12,685 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 6,341 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Barclays upped their price target on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Evercore set a $27.00 price target on shares of Invesco in a report on Friday, April 10th. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Finally, BMO Capital Markets lowered their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.29.

Invesco Trading Down 0.1%

IVZ stock opened at $27.60 on Wednesday. The company’s 50-day simple moving average is $25.61 and its 200-day simple moving average is $25.92. 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 $14.15 and a 52-week high of $29.61. The firm has a market cap of $12.23 billion, a P/E ratio of -18.77, a PEG ratio of 0.62 and a beta of 1.60.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate 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 was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. As a group, equities analysts forecast that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is -58.50%.

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.