Pacer Advisors Inc. Has $539,000 Stake in Invesco Ltd. $IVZ

Pacer Advisors Inc. trimmed its stake in Invesco Ltd. (NYSE:IVZ) by 50.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,193 shares of the asset manager’s stock after selling 22,280 shares during the period. Pacer Advisors Inc.’s holdings in Invesco were worth $539,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rathbones Group PLC grew its holdings in Invesco by 1.1% during the first quarter. Rathbones Group PLC now owns 172,380 shares of the asset manager’s stock valued at $4,187,000 after purchasing an additional 1,900 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco by 759.7% in the first quarter. NewEdge Advisors LLC now owns 67,503 shares of the asset manager’s stock worth $1,640,000 after buying an additional 59,651 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Invesco by 5.9% during the 1st quarter. Glenmede Trust Co. NA now owns 16,747 shares of the asset manager’s stock worth $407,000 after buying an additional 940 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco by 28.9% during the 1st quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager’s stock worth $64,473,000 after buying an additional 595,797 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Invesco in the 1st quarter valued at $312,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Up 0.5%

IVZ stock opened at $31.73 on Tuesday. Invesco Ltd. has a twelve month low of $20.41 and a twelve month high of $32.55. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market cap of $14.07 billion, a PE ratio of -46.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The business’s 50-day simple moving average is $28.69 and its 200 day simple moving average is $26.81.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts anticipate that Invesco Ltd. will post 2.8 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid 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 is Friday, August 14th. Invesco’s dividend payout ratio is presently -126.47%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Evercore set a $35.00 price target on Invesco in a research report on Monday. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their price objective on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Barclays raised their target price on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus target price of $30.12.

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.