Wealthstar Advisors LLC Buys Shares of 45,240 Invesco Ltd. $IVZ

Wealthstar Advisors LLC purchased a new position in Invesco Ltd. (NYSE:IVZ) during the 1st quarter, Holdings Channel reports. The fund purchased 45,240 shares of the asset manager’s stock, valued at approximately $1,099,000.

Other institutional investors and hedge funds have also modified their holdings of 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 valued at $29,000 after acquiring an additional 537 shares during the period. American National Bank & Trust bought a new position in Invesco in the 4th quarter worth $31,000. Larson Financial Group LLC raised its holdings in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares during the period. Torren Management LLC purchased a new position in Invesco during the fourth quarter valued at $44,000. Finally, Root Financial Partners LLC lifted its position in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

IVZ stock opened at $27.05 on Friday. Invesco Ltd. has a one year low of $16.49 and a one year high of $29.82. The company’s fifty day moving average price is $27.28 and its 200-day moving average price is $26.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $11.99 billion, a PE ratio of -18.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.62.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts anticipate that Invesco Ltd. will post 2.59 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s dividend payout ratio (DPR) is -58.50%.

Analyst Ratings Changes

A number of brokerages have commented on IVZ. JPMorgan Chase & Co. reduced their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Morgan Stanley lifted their price objective on Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. BMO Capital Markets cut their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, TD Cowen increased their target price on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.86.

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.