Letko Brosseau & Associates Inc. Reduces Position in Invesco Ltd. $IVZ

Letko Brosseau & Associates Inc. cut its position in shares of Invesco Ltd. (NYSE:IVZ) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,575,463 shares of the asset manager’s stock after selling 25,675 shares during the period. Letko Brosseau & Associates Inc. owned approximately 0.35% of Invesco worth $41,387,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the period. Carrera Capital Advisors increased its stake in Invesco by 3.7% in the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after buying an additional 408 shares during the period. Vise Technologies Inc. increased its stake in Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after buying an additional 425 shares during the period. Wedmont Private Capital increased its stake in Invesco by 2.2% in the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after buying an additional 456 shares during the period. Finally, Parallel Advisors LLC increased its stake in Invesco by 18.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after buying an additional 472 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

NYSE IVZ opened at $27.85 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day moving average price is $26.07 and its 200-day moving average price is $26.10. Invesco Ltd. has a 52-week low of $14.45 and a 52-week high of $29.61. The company has a market cap of $12.35 billion, a PE ratio of -18.95, a P/E/G ratio of 0.62 and a beta of 1.60.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts forecast that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a dividend of $0.215 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

Analysts Set New Price Targets

Several research firms recently commented on IVZ. Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. The Goldman Sachs Group raised their price target 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. Barclays raised their price target on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.64.

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.