2,428,894 Shares in Invesco Ltd. $IVZ Bought by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,428,894 shares of the asset manager’s stock, valued at approximately $55,719,000. Holocene Advisors LP owned 0.55% of Invesco at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IVZ. Capital A Wealth Management LLC raised its stake in shares of Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after buying an additional 1,633 shares during the last quarter. CNB Bank purchased a new stake in shares of Invesco in the third quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in shares of Invesco in the third quarter worth about $30,000. Sentry Investment Management LLC acquired a new stake in Invesco during the third quarter worth about $30,000. Finally, Quent Capital LLC acquired a new stake in Invesco during the third quarter worth about $37,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ stock opened at $23.04 on Tuesday. The company has a market capitalization of $10.22 billion, a P/E ratio of -14.40, a P/E/G ratio of 0.44 and a beta of 1.68. The business’s 50 day moving average is $26.71 and its two-hundred day moving average is $24.96. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $29.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.Invesco’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Invesco’s dividend payout ratio (DPR) is currently -52.50%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of analyst reports. Argus set a $31.00 price target on Invesco in a report on Wednesday, January 28th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.46.

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.