Invesco Ltd. $IVZ Stake Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in Invesco Ltd. (NYSE:IVZ) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,508,744 shares of the asset manager’s stock after acquiring an additional 310,903 shares during the period. Fisher Asset Management LLC’s holdings in Invesco were worth $144,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares in the last quarter. State Street Corp boosted its holdings in shares of Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after acquiring an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Invesco by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after acquiring an additional 319,104 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Invesco by 13.4% in the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after acquiring an additional 939,365 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Down 0.1%

IVZ stock opened at $27.04 on Tuesday. Invesco Ltd. has a 12 month low of $14.10 and a 12 month high of $29.61. The firm has a market cap of $11.98 billion, a PE ratio of -18.39, a P/E/G ratio of 0.63 and a beta of 1.60. The firm has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $25.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last released its earnings results 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts forecast that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a $0.215 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.2%. Invesco’s payout ratio is currently -58.50%.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Evercore set a $27.00 target price on shares of Invesco in a research note on Friday, April 10th. Finally, Argus reissued 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.29.

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.