NewEdge Advisors LLC Purchases 59,651 Shares of Invesco Ltd. $IVZ

NewEdge Advisors LLC boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 759.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,503 shares of the asset manager’s stock after buying an additional 59,651 shares during the period. NewEdge Advisors LLC’s holdings in Invesco were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares in the last quarter. Larson Financial Group LLC increased its stake in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares during the last quarter. Torren Management LLC acquired a new position in Invesco during the fourth quarter valued at approximately $44,000. Root Financial Partners LLC raised its position in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Invesco during the fourth quarter worth $46,000. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

Shares of NYSE:IVZ opened at $32.54 on Friday. The company has a market cap of $14.43 billion, a price-to-earnings ratio of -47.85, a PEG ratio of 0.52 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $29.05 and a 200 day simple moving average of $26.91. Invesco Ltd. has a one year low of $20.48 and a one year high of $32.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Research analysts predict that Invesco Ltd. will post 2.82 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.6%. Invesco’s dividend payout ratio (DPR) is -126.47%.

Analyst Ratings Changes

A number of brokerages have weighed in on IVZ. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Morgan Stanley boosted their price target on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.88.

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.