Moore Capital Management LP Takes Position in Invesco Ltd. $IVZ

Moore Capital Management LP acquired a new position in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 670,080 shares of the asset manager’s stock, valued at approximately $17,603,000.

Several other large investors have also recently made changes to their positions in the stock. Governors Lane LP lifted its holdings in shares of Invesco by 32.5% in the 4th quarter. Governors Lane LP now owns 330,929 shares of the asset manager’s stock worth $8,694,000 after acquiring an additional 81,151 shares during the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Invesco in the 4th quarter worth approximately $564,000. Engineers Gate Manager LP lifted its holdings in shares of Invesco by 1,687.0% in the 4th quarter. Engineers Gate Manager LP now owns 1,061,641 shares of the asset manager’s stock worth $27,889,000 after acquiring an additional 1,002,231 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Invesco in the 4th quarter worth approximately $340,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Invesco by 11.6% in the 4th quarter. Guggenheim Capital LLC now owns 49,589 shares of the asset manager’s stock worth $1,303,000 after acquiring an additional 5,149 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of IVZ opened at $28.82 on Thursday. Invesco Ltd. has a twelve month low of $14.48 and a twelve month high of $29.82. The firm’s fifty day simple moving average is $26.65 and its 200-day simple moving average is $26.30. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of -19.60, a PEG ratio of 0.65 and a beta of 1.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. Invesco’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts forecast that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is -58.50%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Evercore set a $31.00 price objective on shares of Invesco in a report on Monday, June 8th. TD Cowen upped their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $27.64.

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.