Lazard Asset Management LLC Buys 37,066 Shares of Invesco Ltd. $IVZ

Lazard Asset Management LLC grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 46.7% during the first quarter, Holdings Channel reports. The fund owned 116,515 shares of the asset manager’s stock after purchasing an additional 37,066 shares during the period. Lazard Asset Management LLC’s holdings in Invesco were worth $2,830,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its stake in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the period. American National Bank & Trust bought a new position in Invesco in the fourth quarter worth $31,000. Larson Financial Group LLC lifted its position in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares during the period. Torren Management LLC purchased a new position in Invesco during the fourth quarter valued at $44,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after buying an additional 374 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets dropped their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Morgan Stanley upped their price target on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Finally, TD Cowen increased their price objective on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.88.

Invesco Trading Up 0.8%

Shares of Invesco stock opened at $29.64 on Friday. The company’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $26.70. The stock has a market capitalization of $13.14 billion, a PE ratio of -43.59, a P/E/G ratio of 0.47 and a beta of 1.62. Invesco Ltd. has a 1-year low of $20.08 and a 1-year high of $31.02. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.36 EPS. Invesco’s revenue was up 20.5% on a year-over-year basis. As a group, equities analysts anticipate that Invesco Ltd. will post 2.81 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.9%. Invesco’s dividend payout ratio is presently -126.47%.

About Invesco

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.