Erste Asset Management GmbH Acquires 30,239 Shares of Invesco Ltd. $IVZ

Erste Asset Management GmbH raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 18.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 190,510 shares of the asset manager’s stock after acquiring an additional 30,239 shares during the period. Erste Asset Management GmbH’s holdings in Invesco were worth $4,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC raised its holdings in shares of Invesco by 0.6% during the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after purchasing an additional 474 shares during the last quarter. US Bancorp DE boosted its holdings in Invesco by 4.1% in the third quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock worth $295,000 after purchasing an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Invesco by 4.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,582 shares of the asset manager’s stock worth $312,000 after purchasing an additional 636 shares during the period. MAI Capital Management raised its stake in Invesco by 3.9% during the 3rd quarter. MAI Capital Management now owns 17,985 shares of the asset manager’s stock valued at $413,000 after buying an additional 677 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock valued at $2,225,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley set a $29.00 target price on Invesco in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Finally, Barclays lowered their price objective on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Performance

Shares of IVZ opened at $26.26 on Friday. The business has a 50-day simple moving average of $27.35 and a two-hundred day simple moving average of $24.72. The company has a quick ratio of 1.23, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $29.61. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of -16.41, a PEG ratio of 0.47 and a beta of 1.69.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. On average, analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

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.