Inscription Capital LLC Invests $455,000 in Invesco Ltd. $IVZ

Inscription Capital LLC acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the third quarter, HoldingsChannel reports. The fund acquired 19,851 shares of the asset manager’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS raised its stake in Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock valued at $2,225,000 after buying an additional 700 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Invesco by 55.7% in the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the period. Forum Financial Management LP increased its position in Invesco by 4.8% during the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 791 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Invesco by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock valued at $1,618,000 after acquiring an additional 792 shares during the period. Finally, UMB Bank n.a. boosted its position in Invesco by 45.8% in the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock worth $41,000 after purchasing an additional 824 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several analyst reports. Citigroup upped their price objective on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. TD Cowen reiterated a “buy” rating on shares of Invesco in a report on Tuesday, January 13th. Morgan Stanley raised their price objective on Invesco from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $31.00 in a report on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating and twelve have issued 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 $26.36.

Insider Buying and Selling at Invesco

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Invesco Stock Performance

NYSE:IVZ opened at $29.22 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $13.01 billion, a PE ratio of 19.88, a P/E/G ratio of 0.51 and a beta of 1.65. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The company has a fifty day moving average of $26.37 and a two-hundred day moving average of $23.40.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, November 14th. Invesco’s payout ratio is currently 57.14%.

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.