Invesco Ltd. $IVZ Shares Bought by Governors Lane LP

Governors Lane LP boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 32.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 330,929 shares of the asset manager’s stock after purchasing an additional 81,151 shares during the quarter. Governors Lane LP’s holdings in Invesco were worth $8,694,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in Invesco by 53.3% during the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock worth $16,802,000 after purchasing an additional 254,501 shares during the period. Vanguard Group Inc. grew its position in Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock worth $1,193,294,000 after purchasing an additional 593,140 shares during the period. Contravisory Investment Management Inc. grew its position in Invesco by 1,165.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock worth $1,291,000 after purchasing an additional 45,260 shares during the period. SG Americas Securities LLC grew its position in Invesco by 2,834.7% during the 4th quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock worth $7,759,000 after purchasing an additional 285,288 shares during the period. Finally, Park Capital Management LLC WI acquired a new stake in Invesco during the 4th quarter worth about $1,204,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Down 1.3%

IVZ stock opened at $28.82 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 12-month low of $14.48 and a 12-month high of $29.82. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of -19.60, a PEG ratio of 0.65 and a beta of 1.60. The business’s 50-day moving average is $26.65 and its 200 day moving average is $26.30.

Invesco (NYSE:IVZ) last posted 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is presently -58.50%.

Analysts Set New Price Targets

IVZ has been the subject of several recent analyst reports. Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings cut Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Invesco in a report on Tuesday, April 21st. Finally, Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $27.64.

About Invesco

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.