Gradient Investments LLC Takes $742,000 Position in Invesco Ltd. $IVZ

Gradient Investments LLC acquired a new position in Invesco Ltd. (NYSE:IVZ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,112 shares of the asset manager’s stock, valued at approximately $742,000.

Other large investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Invesco in the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after purchasing an additional 2,393 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Invesco by 40.2% during the 1st 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 position in shares of Invesco by 1.2% in the 1st 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 worth $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 6,341 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

NYSE IVZ opened at $31.59 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s fifty day moving average price is $28.61 and its 200 day moving average price is $26.78. Invesco Ltd. has a 1 year low of $20.41 and a 1 year high of $32.55. The company has a market cap of $14.01 billion, a price-to-earnings ratio of -46.46, a PEG ratio of 0.51 and a beta of 1.62.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Invesco Ltd. will post 2.8 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. Invesco’s payout ratio is -126.47%.

Analyst Ratings Changes

Several brokerages recently weighed in on IVZ. Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. TD Cowen raised their price target on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Morgan Stanley upped their price objective on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $29.88.

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.