Del Sette Capital Management LLC Makes New $3.01 Million Investment in Invesco Ltd. $IVZ

Del Sette Capital Management LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 131,156 shares of the asset manager’s stock, valued at approximately $3,009,000. Invesco accounts for about 1.9% of Del Sette Capital Management LLC’s holdings, making the stock its 23rd largest position.

A number of other large investors also recently bought and sold shares of IVZ. First Trust Advisors LP raised its holdings in Invesco by 5,065.4% in the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after purchasing an additional 3,315,480 shares in the last quarter. Norges Bank purchased a new position in Invesco in the 2nd quarter worth $51,838,000. Holocene Advisors LP acquired a new stake in shares of Invesco during the third quarter worth about $55,719,000. Samlyn Capital LLC acquired a new stake in Invesco during the 3rd quarter valued at approximately $44,567,000. Finally, Balyasny Asset Management L.P. lifted its position in Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock valued at $80,304,000 after purchasing an additional 1,871,666 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 3.1%

Invesco stock opened at $23.74 on Wednesday. The stock has a 50 day moving average of $26.62 and a two-hundred day moving average of $24.98. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of -14.84, a PEG ratio of 0.44 and a beta of 1.68.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Invesco’s payout ratio is -52.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IVZ shares. Royal Bank Of Canada cut their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $31.00 in a research report on Wednesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets increased their price objective on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target 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.