Sterling Capital Management LLC Grows Stake in Invesco Ltd. $IVZ

Sterling Capital Management LLC lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 340.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,093 shares of the asset manager’s stock after purchasing an additional 73,517 shares during the quarter. Sterling Capital Management LLC’s holdings in Invesco were worth $2,310,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC increased its holdings in shares of Invesco by 37.3% during the first quarter. Aaron Wealth Advisors LLC now owns 12,404 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 3,372 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Invesco in the 1st quarter worth approximately $549,000. Ritholtz Wealth Management grew its position in Invesco by 20.6% during the 1st quarter. Ritholtz Wealth Management now owns 11,355 shares of the asset manager’s stock worth $276,000 after purchasing an additional 1,936 shares during the last quarter. Global Financial Private Client LLC grew its position in Invesco by 12.0% during the 1st quarter. Global Financial Private Client LLC now owns 16,735 shares of the asset manager’s stock worth $406,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in Invesco during the 1st quarter valued at approximately $1,085,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IVZ shares. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Barclays upped their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. BMO Capital Markets reduced their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. lowered 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. Finally, Evercore set a $31.00 price target on Invesco in a research note on Monday, June 8th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.86.

Invesco Trading Up 0.1%

IVZ stock opened at $26.18 on Monday. The company’s 50-day simple moving average is $27.09 and its 200-day simple moving average is $26.41. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 52-week low of $15.54 and a 52-week high of $29.82. The firm has a market cap of $11.61 billion, a P/E ratio of -17.81, a PEG ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share 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 analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, equities analysts forecast that Invesco Ltd. will post 2.59 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

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.