Havemeyer Place LP Buys New Stake in Invesco Ltd. $IVZ

Havemeyer Place LP bought a new stake in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,720 shares of the asset manager’s stock, valued at approximately $965,000.

Several other large investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its position in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 374 shares during the period. Carrera Capital Advisors increased its position in Invesco by 3.7% in the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 408 shares during the period. Vise Technologies Inc. increased its position in Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 425 shares during the period. Wedmont Private Capital increased its position in Invesco by 2.2% in the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock valued at $588,000 after acquiring an additional 456 shares during the period. Finally, Parallel Advisors LLC increased its position in Invesco by 18.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on IVZ. Weiss Ratings cut Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Evercore set a $27.00 price target on Invesco in a research note on Friday, April 10th. Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Barclays increased their price target on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.29.

Invesco Stock Performance

Shares of NYSE IVZ opened at $27.32 on Monday. The stock has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $26.03. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $12.11 billion, a P/E ratio of -18.59, a PEG ratio of 0.61 and a beta of 1.60. Invesco Ltd. has a 1 year low of $14.29 and a 1 year high of $29.61.

Invesco (NYSE:IVZ) last released its quarterly earnings data 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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 was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Research analysts forecast that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is -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.