Invesco Ltd. $IVZ Shares Bought by Maltese Capital Management LLC

Maltese Capital Management LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 110.0% in the third quarter, Holdings Channel reports. The institutional investor owned 315,000 shares of the asset manager’s stock after purchasing an additional 165,000 shares during the period. Maltese Capital Management LLC’s holdings in Invesco were worth $7,226,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IVZ. Mercer Global Advisors Inc. ADV increased its stake in shares of Invesco by 44.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 159,988 shares of the asset manager’s stock valued at $3,670,000 after purchasing an additional 49,347 shares in the last quarter. Larson Financial Group LLC grew its holdings in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the period. Lighthouse Investment Partners LLC grew its holdings in Invesco by 58.4% in the third quarter. Lighthouse Investment Partners LLC now owns 373,651 shares of the asset manager’s stock valued at $8,572,000 after purchasing an additional 137,801 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Invesco by 16.2% in the third quarter. Integrated Wealth Concepts LLC now owns 25,905 shares of the asset manager’s stock valued at $594,000 after buying an additional 3,621 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Invesco during the 3rd quarter worth approximately $55,719,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 0.2%

IVZ opened at $23.04 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The company’s 50 day simple moving average is $26.71 and its two-hundred day simple moving average is $24.96. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $29.61. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of -14.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IVZ. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. BMO Capital Markets increased their price objective on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Argus set a $31.00 target price on shares of Invesco in a research report on Wednesday, January 28th. TD Cowen set a $34.50 target price on shares of Invesco in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 price target on shares of Invesco in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.46.

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.