Wellington Management Group LLP Acquires 322,118 Shares of Invesco Ltd. $IVZ

Wellington Management Group LLP boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 127.7% during the 2nd quarter, Holdings Channel reports. The firm owned 574,267 shares of the asset manager’s stock after acquiring an additional 322,118 shares during the period. Wellington Management Group LLP’s holdings in Invesco were worth $15,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. SJS Investment Consulting Inc. grew its position in Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after buying an additional 537 shares during the period. Larson Financial Group LLC raised its position in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares during the period. Root Financial Partners LLC raised its position in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. Blue Trust Inc. boosted its stake in Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 1,173 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Invesco by 389.6% during the 1st quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 1,492 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ stock opened at $33.13 on Tuesday. The stock has a market capitalization of $14.69 billion, a P/E ratio of -48.72, a PEG ratio of 0.48 and a beta of 1.63. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $30.59 and its 200 day moving average is $27.54. Invesco Ltd. has a 12 month low of $20.67 and a 12 month high of $33.66.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.36 EPS. Invesco’s revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.6%. Invesco’s payout ratio is -126.47%.

Wall Street Analyst Weigh In

IVZ has been the subject of several research analyst reports. Evercore set a $35.00 price target on shares of Invesco in a research note on Monday, August 10th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. TD Cowen boosted their target price on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.88.

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.