Delta Global Management LP Purchases New Position in Invesco Ltd. $IVZ

Delta Global Management LP purchased a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,336,596 shares of the asset manager’s stock, valued at approximately $35,112,000. Invesco comprises approximately 1.6% of Delta Global Management LP’s portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Citigroup Inc. increased its stake in Invesco by 53.3% in the third quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after purchasing an additional 254,501 shares during the period. Vanguard Group Inc. increased its stake in Invesco by 1.2% in the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares during the period. Cibc World Market Inc. acquired a new position in Invesco in the third quarter valued at $2,293,000. Caprock Group LLC acquired a new position in Invesco in the third quarter valued at $892,000. Finally, Contravisory Investment Management Inc. increased its stake in Invesco by 1,165.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock valued at $1,291,000 after purchasing an additional 45,260 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 0.5%

Shares of Invesco stock opened at $29.06 on Tuesday. Invesco Ltd. has a 52-week low of $14.45 and a 52-week high of $29.82. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The company’s 50-day simple moving average is $26.43 and its 200-day simple moving average is $26.24. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of -19.77, a price-to-earnings-growth ratio of 0.65 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

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

Analysts Set New Price Targets

IVZ has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective 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. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a research note on Tuesday, April 21st. Evercore set a $31.00 price objective on shares of Invesco in a research note on Monday, June 8th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Barclays lifted their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Four 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 stock has an average rating of “Hold” and an average price target of $27.64.

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.