Picton Mahoney Asset Management Takes $1.47 Million Position in Invesco Ltd. $IVZ

Picton Mahoney Asset Management purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,104 shares of the asset manager’s stock, valued at approximately $1,469,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Invesco during the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after purchasing an additional 12,685 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Invesco by 23.3% in the second quarter. Teacher Retirement System of Texas now owns 68,544 shares of the asset manager’s stock valued at $1,081,000 after purchasing an additional 12,969 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their target price on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley set a $29.00 price objective on shares of Invesco in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.46.

Invesco Price Performance

Shares of IVZ opened at $24.72 on Friday. The firm has a market cap of $11.00 billion, a PE ratio of -15.45, a price-to-earnings-growth ratio of 0.45 and a beta of 1.68. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The business’s 50 day moving average price is $27.19 and its two-hundred day moving average price is $24.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Invesco’s dividend payout ratio is currently -52.50%.

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.