Groupama Asset Managment Takes $573,000 Position in Invesco Ltd. $IVZ

Groupama Asset Managment bought a new position in Invesco Ltd. (NYSE:IVZ) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,968 shares of the asset manager’s stock, valued at approximately $573,000.

Other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC boosted its stake in Invesco by 4,802.9% during the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after acquiring an additional 1,633 shares in the last quarter. CNB Bank purchased a new stake in Invesco in the third quarter worth about $26,000. Root Financial Partners LLC bought a new position in shares of Invesco during the third quarter valued at approximately $30,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the third quarter valued at approximately $30,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of analyst reports. BMO Capital Markets boosted their price target on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Royal Bank Of Canada dropped their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley set a $29.00 target price on Invesco in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.46.

Invesco Price Performance

Shares of NYSE IVZ opened at $23.16 on Friday. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.61. The firm has a market cap of $10.27 billion, a P/E ratio of -14.47, a PEG ratio of 0.45 and a beta of 1.68. The company has a 50 day moving average of $26.33 and a 200 day moving average of $24.96. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. As a group, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

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.