Sequoia Financial Advisors LLC Has $1.27 Million Position in Invesco Ltd. $IVZ

Sequoia Financial Advisors LLC boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 73.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,344 shares of the asset manager’s stock after buying an additional 20,503 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco were worth $1,270,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp lifted its holdings in Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after buying an additional 332,340 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Invesco by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after buying an additional 319,104 shares during the period. AQR Capital Management LLC lifted its holdings in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after buying an additional 584,035 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Invesco by 13.4% in the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after buying an additional 939,365 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 1.5%

IVZ opened at $28.40 on Wednesday. The firm’s fifty day moving average is $24.65 and its two-hundred day moving average is $25.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $12.60 billion, a PE ratio of -19.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Invesco Ltd. has a twelve month low of $14.10 and a twelve month high of $29.61.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. Equities research analysts anticipate that Invesco Ltd. will post 2.57 EPS for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a dividend of $0.215 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 15th. Invesco’s payout ratio is currently -57.14%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IVZ. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a report on Tuesday, April 21st. Argus restated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, TD Cowen increased their target price on shares of Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.29.

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.