Thrivent Financial for Lutherans Trims Stake in Invesco Ltd. $IVZ

Thrivent Financial for Lutherans lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 448,168 shares of the asset manager’s stock after selling 182,878 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Invesco worth $11,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. CNB Bank bought a new stake in Invesco during the third quarter worth about $26,000. American National Bank & Trust bought a new stake in Invesco during the fourth quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in Invesco during the third quarter worth about $30,000. Root Financial Partners LLC bought a new stake in Invesco during the third quarter worth about $30,000. Finally, Larson Financial Group LLC boosted its stake in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several research reports. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research note on Tuesday, April 21st. The Goldman Sachs Group boosted their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore set a $27.00 price objective on shares of Invesco in a research note on Friday, April 10th. Finally, Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $27.29.

Invesco Stock Down 3.3%

Shares of Invesco stock opened at $26.47 on Wednesday. The company has a market cap of $11.74 billion, a price-to-earnings ratio of -18.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.60. The company’s 50 day moving average is $24.89 and its 200 day moving average is $25.67. Invesco Ltd. has a twelve month low of $14.10 and a twelve month high of $29.61. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01.

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

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 15th. Invesco’s payout ratio is currently -58.50%.

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.