Buckley Wealth Management LLC Buys New Shares in Invesco Ltd. $IVZ

Buckley Wealth Management LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 58,860 shares of the asset manager’s stock, valued at approximately $1,546,000.

Other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust purchased a new stake in Invesco in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the period. Torren Management LLC purchased a new stake in Invesco in the fourth quarter valued at approximately $44,000. Root Financial Partners LLC grew its holdings in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Invesco by 151.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 1,231 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 2.9%

Shares of IVZ stock opened at $28.25 on Friday. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of -19.22, a price-to-earnings-growth ratio of 0.61 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 fifty-two week low of $14.45 and a fifty-two week high of $29.61. The firm’s 50 day moving average price is $26.24 and its two-hundred day moving average price is $26.17.

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 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 negative net margin of 6.11% and a positive return on equity of 11.34%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. On average, analysts anticipate that Invesco Ltd. will post 2.58 EPS for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s dividend payout ratio is presently -58.50%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Evercore set a $31.00 price target on shares of Invesco in a research report on Monday. Weiss Ratings cut shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. TD Cowen lifted their price target on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target 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.