Three Seasons Wealth LLC Makes New $616,000 Investment in Invesco Ltd. $IVZ

Three Seasons Wealth LLC acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,369 shares of the asset manager’s stock, valued at approximately $616,000.

A number of other hedge funds have also recently modified their holdings of IVZ. Vanguard Group Inc. lifted its position in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares during the period. State Street Corp grew its holdings in Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares during the period. AQR Capital Management LLC grew its holdings in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the period. Invesco Ltd. bought a new position in shares of Invesco during the fourth quarter valued at approximately $230,391,000. Finally, Alliancebernstein L.P. increased its stake in shares of Invesco by 13.4% during the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after purchasing an additional 939,365 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $30.28 on Thursday. The company has a market cap of $13.42 billion, a price-to-earnings ratio of -20.60, a P/E/G ratio of 0.48 and a beta of 1.62. The business’s fifty day simple moving average is $27.66 and its two-hundred day simple moving average is $26.50. Invesco Ltd. has a 12 month low of $16.49 and a 12 month high of $30.53. 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 issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Research analysts anticipate that Invesco Ltd. will post 2.74 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. Shareholders of record on Friday, May 15th were given a $0.215 dividend. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 2.8%. Invesco’s payout ratio is -58.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IVZ. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their price objective on Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. dropped their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.08.

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.