Janney Montgomery Scott LLC Increases Holdings in Invesco Ltd. $IVZ

Janney Montgomery Scott LLC increased its position in Invesco Ltd. (NYSE:IVZ) by 147.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,708 shares of the asset manager’s stock after purchasing an additional 49,319 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco were worth $2,009,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco in the 1st quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Invesco by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 6,341 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Up 5.7%

NYSE:IVZ opened at $28.58 on Friday. The company’s 50-day simple moving average is $27.45 and its 200-day simple moving average is $26.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a fifty-two week low of $16.49 and a fifty-two week high of $29.82. The stock has a market capitalization of $12.67 billion, a P/E ratio of -19.44, a P/E/G ratio of 0.60 and a beta of 1.62.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.44 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts anticipate that Invesco Ltd. will post 2.59 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s payout ratio is currently -58.50%.

Wall Street Analyst Weigh In

A number of research firms have commented on IVZ. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Morgan Stanley lifted their price objective on shares of Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, TD Cowen increased their target price on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.86.

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.