Invesco Ltd. $IVZ Stock Position Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 299.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 147,946 shares of the asset manager’s stock after purchasing an additional 110,939 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco were worth $3,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. lifted its position in Invesco by 53.3% in the 3rd quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after purchasing an additional 254,501 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Invesco in the 3rd quarter valued at about $3,021,000. Jackson Creek Investment Advisors LLC bought a new stake in Invesco in the 3rd quarter valued at about $1,130,000. Thrivent Financial for Lutherans lifted its position in Invesco by 83.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock valued at $14,476,000 after purchasing an additional 287,219 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in Invesco in the 3rd quarter valued at about $502,000. 66.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IVZ has been the topic of several recent research reports. TD Cowen lifted their price objective on shares of Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. BMO Capital Markets cut their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $27.29.

Invesco Stock Performance

Shares of IVZ opened at $28.47 on Friday. The firm’s 50 day moving average is $25.53 and its 200-day moving average is $25.88. The stock has a market capitalization of $12.62 billion, a P/E ratio of -19.37, a P/E/G ratio of 0.63 and a beta of 1.60. 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 Ltd. has a 12-month low of $14.15 and a 12-month high of $29.61.

Invesco (NYSE:IVZ) last announced 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). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Equities research analysts anticipate that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is presently -58.50%.

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.