Hsbc Holdings PLC Has $16.38 Million Stake in Invesco Ltd. $IVZ

Hsbc Holdings PLC grew its holdings in Invesco Ltd. (NYSE:IVZ) by 56.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 674,037 shares of the asset manager’s stock after purchasing an additional 242,949 shares during the quarter. Hsbc Holdings PLC’s holdings in Invesco were worth $16,380,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC raised its position in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 374 shares during the last quarter. Carrera Capital Advisors increased its stake in shares of Invesco by 3.7% in the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 408 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 425 shares during the period. EWA LLC raised its position in shares of Invesco by 3.8% in the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 452 shares during the period. Finally, Wedmont Private Capital boosted its stake in Invesco by 2.2% during the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after acquiring an additional 456 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IVZ. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a report on Tuesday, June 30th. TD Cowen increased their target price on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. The Goldman Sachs Group lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley boosted their price target on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.15.

Invesco Stock Up 1.3%

NYSE:IVZ opened at $30.05 on Wednesday. The stock has a 50-day simple moving average of $27.84 and a 200 day simple moving average of $26.59. Invesco Ltd. has a 52-week low of $20.00 and a 52-week high of $31.02. The company has a market cap of $13.32 billion, a PE ratio of -20.44, a PEG ratio of 0.48 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last released its earnings results 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The company’s revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts expect that Invesco Ltd. will post 2.78 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is -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.