Wedge Capital Management L L P NC Has $31.88 Million Stock Position in Invesco Ltd. $IVZ

Wedge Capital Management L L P NC lowered its stake in Invesco Ltd. (NYSE:IVZ) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,208,058 shares of the asset manager’s stock after selling 27,955 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Invesco were worth $31,881,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

IVZ has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a research note on Tuesday, June 30th. TD Cowen raised their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Royal Bank Of Canada boosted their price objective on Invesco from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Invesco has an average rating of “Hold” and an average price target of $30.12.

Invesco Price Performance

Shares of NYSE IVZ opened at $31.38 on Wednesday. The stock has a market capitalization of $13.91 billion, a PE ratio of -46.15, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day moving average price of $28.77 and a two-hundred day moving average price of $26.83. Invesco Ltd. has a fifty-two week low of $20.48 and a fifty-two week high of $32.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities analysts predict that Invesco Ltd. will post 2.8 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company 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 dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco’s dividend payout ratio is -126.47%.

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.