Engineers Gate Manager LP Boosts Holdings in Invesco Ltd. $IVZ

Engineers Gate Manager LP grew its position in Invesco Ltd. (NYSE:IVZ) by 1,687.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,061,641 shares of the asset manager’s stock after buying an additional 1,002,231 shares during the period. Engineers Gate Manager LP owned 0.24% of Invesco worth $27,889,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Boothbay Fund Management LLC purchased a new position in shares of Invesco during the 4th quarter worth approximately $340,000. Guggenheim Capital LLC boosted its position in shares of Invesco by 11.6% during the 4th quarter. Guggenheim Capital LLC now owns 49,589 shares of the asset manager’s stock worth $1,303,000 after purchasing an additional 5,149 shares during the period. EFG International AG purchased a new position in shares of Invesco during the 4th quarter worth approximately $107,000. Cetera Investment Advisers boosted its position in shares of Invesco by 5.2% during the 4th quarter. Cetera Investment Advisers now owns 132,118 shares of the asset manager’s stock worth $3,471,000 after purchasing an additional 6,489 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Invesco by 722.9% during the 4th quarter. Trexquant Investment LP now owns 684,146 shares of the asset manager’s stock worth $17,973,000 after purchasing an additional 601,005 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IVZ. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. BMO Capital Markets lowered their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley lowered their price objective on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and an average price target of $27.64.

Invesco Price Performance

Invesco stock opened at $28.82 on Thursday. The firm has a market cap of $12.77 billion, a PE ratio of -19.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Invesco Ltd. has a 52-week low of $14.48 and a 52-week high of $29.82. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $26.65 and its two-hundred day moving average is $26.30.

Invesco (NYSE:IVZ) last released its earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts expect that Invesco Ltd. will post 2.58 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.215 per share. This is a boost 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 yield of 3.0%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

About Invesco

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.