Delta Global Management LP Makes New Investment in Invesco Ltd. $IVZ

Delta Global Management LP purchased a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,336,596 shares of the asset manager’s stock, valued at approximately $35,112,000. Invesco makes up about 1.6% of Delta Global Management LP’s portfolio, making the stock its 11th largest holding. Delta Global Management LP owned about 0.30% of Invesco as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. State of Tennessee Department of Treasury grew its stake in shares of Invesco by 1.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 447,334 shares of the asset manager’s stock worth $12,208,000 after acquiring an additional 6,308 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Invesco in the fourth quarter worth $461,000. Mackenzie Financial Corp grew its stake in shares of Invesco by 104.6% in the fourth quarter. Mackenzie Financial Corp now owns 155,593 shares of the asset manager’s stock worth $4,109,000 after acquiring an additional 79,543 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco by 7,170.4% in the fourth quarter. NewEdge Advisors LLC now owns 7,852 shares of the asset manager’s stock worth $206,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Invesco in the fourth quarter worth $139,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Argus reaffirmed a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. TD Cowen lifted their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $27.64.

Invesco Price Performance

Invesco stock opened at $29.06 on Tuesday. The stock has a market cap of $12.88 billion, a P/E ratio of -19.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a fifty day simple moving average of $26.43 and a 200-day simple moving average of $26.24. Invesco Ltd. has a 12-month low of $14.45 and a 12-month high of $29.82. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01.

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 the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. Equities analysts expect that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s dividend payout ratio 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.