KBC Group NV Purchases 30,186 Shares of Invesco Ltd. $IVZ

KBC Group NV increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 264.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,600 shares of the asset manager’s stock after buying an additional 30,186 shares during the period. KBC Group NV’s holdings in Invesco were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. Wedge Capital Management L L P NC acquired a new stake in Invesco in the 4th quarter valued at about $33,254,000. SG Americas Securities LLC increased its position in Invesco by 2,834.7% during the fourth quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock worth $7,759,000 after buying an additional 285,288 shares during the last quarter. Park Capital Management LLC WI bought a new stake in Invesco in the fourth quarter valued at approximately $1,204,000. Vanguard Group Inc. raised its stake in Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Invesco by 1,848.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 235,767 shares of the asset manager’s stock valued at $6,194,000 after buying an additional 223,665 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Up 0.4%

IVZ opened at $29.91 on Friday. The stock has a fifty day moving average of $27.98 and a 200-day moving average of $26.66. The company has a market capitalization of $13.26 billion, a P/E ratio of -20.34, a P/E/G ratio of 0.49 and a beta of 1.62. Invesco Ltd. has a fifty-two week low of $20.08 and a fifty-two week high of $31.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities analysts expect that Invesco Ltd. will post 2.78 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IVZ shares. TD Cowen lifted their target price on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Barclays increased their price target on Invesco from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group raised their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Evercore set a $32.00 price objective on shares of Invesco in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. dropped 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. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average price target of $29.31.

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.