BTG Pactual Asset Management US LLC Has $374,000 Stake in Invesco Ltd. $IVZ

BTG Pactual Asset Management US LLC trimmed its position in Invesco Ltd. (NYSE:IVZ) by 53.5% during the second quarter, HoldingsChannel.com reports. The firm owned 14,164 shares of the asset manager’s stock after selling 16,317 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Invesco were worth $374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC grew its holdings in shares of Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares in the last quarter. ANB Bank boosted its position in Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after acquiring an additional 375 shares during the last quarter. Vise Technologies Inc. boosted its position in Invesco by 3.3% during the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after acquiring an additional 425 shares during the last quarter. EWA LLC grew its stake in shares of Invesco by 3.8% during the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after acquiring an additional 452 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

NYSE:IVZ opened at $31.97 on Wednesday. The stock has a market capitalization of $14.17 billion, a PE ratio of -47.01, a P/E/G ratio of 0.48 and a beta of 1.63. Invesco Ltd. has a 1-year low of $20.67 and a 1-year high of $33.66. The firm has a fifty day simple moving average of $30.06 and a 200 day simple moving average of $27.37. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts expect that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IVZ. Morgan Stanley lifted 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. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. TD Cowen boosted their price target on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays increased their price objective on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.88.

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.