Delta Global Management LP Has $27.26 Million Stock Holdings in Invesco Ltd. $IVZ

Delta Global Management LP reduced its holdings in Invesco Ltd. (NYSE:IVZ) by 16.0% in the first quarter, HoldingsChannel reports. The firm owned 1,122,257 shares of the asset manager’s stock after selling 214,339 shares during the period. Invesco makes up about 2.2% of Delta Global Management LP’s investment portfolio, making the stock its 12th biggest holding. Delta Global Management LP’s holdings in Invesco were worth $27,260,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its position in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after buying an additional 537 shares during the period. American National Bank & Trust acquired a new position in shares of Invesco during the 4th quarter valued at $31,000. Larson Financial Group LLC lifted its position in shares of Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares during the period. Torren Management LLC bought a new position in Invesco during the fourth quarter worth $44,000. Finally, Root Financial Partners LLC boosted its stake in Invesco by 28.2% during the fourth 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. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on IVZ shares. 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 note on Monday, June 8th. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets dropped their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus price target of $29.31.

Invesco Stock Performance

Shares of Invesco stock opened at $29.91 on Friday. 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 has a market cap of $13.26 billion, a PE ratio of -20.34, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62. The business has a 50 day moving average price of $27.98 and a 200-day moving average price of $26.66. Invesco Ltd. has a 52 week low of $20.08 and a 52 week high of $31.02.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $0.44 EPS. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities analysts anticipate that Invesco Ltd. will post 2.78 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is currently -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.