Healthcare of Ontario Pension Plan Trust Fund Sells 81,698 Shares of Invesco Ltd. $IVZ

Healthcare of Ontario Pension Plan Trust Fund cut its position in Invesco Ltd. (NYSE:IVZ) by 74.5% in the first quarter, HoldingsChannel.com reports. The firm owned 27,897 shares of the asset manager’s stock after selling 81,698 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Invesco were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IVZ. Vanguard Group Inc. boosted its holdings in Invesco by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp lifted its holdings in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Invesco by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock worth $518,836,000 after purchasing an additional 596,434 shares during the period. AQR Capital Management LLC boosted its stake in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Invesco during the fourth quarter valued at approximately $230,391,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

NYSE:IVZ opened at $29.64 on Monday. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of -43.59, a PEG ratio of 0.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50 day simple moving average of $28.22 and a 200-day simple moving average of $26.69. Invesco Ltd. has a 1 year low of $20.08 and a 1 year high of $31.02.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.Invesco’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities analysts forecast that Invesco Ltd. will post 2.81 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.9%. Invesco’s payout ratio is -126.47%.

Wall Street Analyst Weigh In

IVZ has been the subject of several research analyst reports. BMO Capital Markets cut their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Morgan Stanley increased their price target on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Barclays raised their price target on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.88.

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.