iA Global Asset Management Inc. Invests $552,000 in Invesco Ltd. $IVZ

iA Global Asset Management Inc. acquired a new position in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, Holdings Channel.com reports. The fund acquired 21,010 shares of the asset manager’s stock, valued at approximately $552,000.

A number of other institutional investors have also recently made changes to their positions in IVZ. Holocene Advisors LP acquired a new stake in shares of Invesco in the 3rd quarter worth $55,719,000. Samlyn Capital LLC acquired a new stake in shares of Invesco in the 3rd quarter worth $44,567,000. Balyasny Asset Management L.P. boosted its position in shares of Invesco by 58.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco by 989.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock worth $54,276,000 after purchasing an additional 1,744,862 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Invesco in the 3rd quarter worth $34,777,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IVZ. The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. JPMorgan Chase & Co. reduced their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. BMO Capital Markets reduced their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Morgan Stanley reduced their target price on Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus price target of $27.29.

Invesco Price Performance

NYSE:IVZ opened at $27.41 on Tuesday. Invesco Ltd. has a one year low of $14.10 and a one year high of $29.61. The company has a market cap of $12.15 billion, a P/E ratio of -18.64, a P/E/G ratio of 0.63 and a beta of 1.60. The firm’s fifty day moving average price is $24.83 and its two-hundred day moving average price is $25.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 2.57 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

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.