Invesco Ltd. $IVZ Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1,687.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,061,641 shares of the asset manager’s stock after purchasing an additional 1,002,231 shares during the quarter. Engineers Gate Manager LP’s holdings in Invesco were worth $27,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust acquired a new stake in Invesco during the 4th quarter worth $31,000. Larson Financial Group LLC raised its stake in Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares in the last quarter. Torren Management LLC acquired a new stake in Invesco during the 4th quarter worth $44,000. Root Financial Partners LLC raised its stake in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Invesco during the 4th quarter worth $46,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Down 1.3%

Shares of Invesco stock opened at $28.82 on Thursday. Invesco Ltd. has a 1 year low of $14.48 and a 1 year high of $29.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $12.77 billion, a P/E ratio of -19.60, a PEG ratio of 0.65 and a beta of 1.60. The company’s fifty day moving average is $26.65 and its two-hundred day moving average is $26.30.

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 the consensus estimate 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts forecast that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

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

Analyst Ratings Changes

IVZ has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of Invesco in a research note on Tuesday, April 21st. BMO Capital Markets cut their price target 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. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Argus reiterated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.