Invesco Ltd. $IVZ Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 74.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,631 shares of the asset manager’s stock after selling 33,083 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp raised its position in Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Invesco by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after acquiring an additional 88,094 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Invesco by 13.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after acquiring an additional 939,365 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Down 1.3%

IVZ opened at $26.38 on Friday. The company has a market capitalization of $11.74 billion, a PE ratio of -16.49, a price-to-earnings-growth ratio of 0.48 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The business has a 50-day moving average of $27.36 and a 200-day moving average of $24.47.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm 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 9.69% and a negative net margin of 6.92%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IVZ shares. Barclays decreased their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 28th. Fundamental Research set a $27.00 target price on shares of Invesco in a research report on Friday, October 31st. The Goldman Sachs Group upped their price target on shares of Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $28.46.

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.