Wealthcare Capital Management LLC Decreases Holdings in Invesco Ltd. $IVZ

Wealthcare Capital Management LLC reduced its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 7.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 432,545 shares of the asset manager’s stock after selling 33,000 shares during the quarter. Invesco accounts for approximately 1.1% of Wealthcare Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Wealthcare Capital Management LLC’s holdings in Invesco were worth $11,415,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IVZ. California State Teachers Retirement System boosted its holdings in shares of Invesco by 23.4% in the first quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock valued at $10,140,000 after acquiring an additional 79,273 shares in the last quarter. Vanguard Group Inc. raised its holdings in Invesco by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after purchasing an additional 947,693 shares in the last quarter. F m Investments LLC purchased a new position in Invesco during the fourth quarter worth about $1,593,000. Principal Financial Group Inc. lifted its position in Invesco by 5.5% in the first quarter. Principal Financial Group Inc. now owns 824,547 shares of the asset manager’s stock valued at $20,028,000 after purchasing an additional 43,322 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Invesco by 2,633.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager’s stock valued at $23,330,000 after purchasing an additional 925,300 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $31.59 on Monday. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of -46.46, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average is $28.61 and its two-hundred day moving average is $26.78. Invesco Ltd. has a 12-month low of $20.41 and a 12-month high of $32.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Research analysts expect that Invesco Ltd. will post 2.8 EPS for the current year.

Invesco Announces Dividend

The company also recently declared 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. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s payout ratio is -126.47%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IVZ. The Goldman Sachs Group upped their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley boosted their target price on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Evercore set a $32.00 price target on shares of Invesco in a research note on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on shares of Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.88.

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.