Krilogy Financial LLC Purchases New Position in Invesco Ltd. $IVZ

Krilogy Financial LLC purchased a new position in Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,764 shares of the asset manager’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVZ. Wealthfront Advisers LLC lifted its stake in shares of Invesco by 0.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after purchasing an additional 474 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Invesco by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the asset manager’s stock valued at $2,225,000 after buying an additional 700 shares during the period. IFP Advisors Inc lifted its position in Invesco by 55.7% in the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after buying an additional 761 shares during the last quarter. Forum Financial Management LP boosted its stake in Invesco by 4.8% during the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock worth $273,000 after buying an additional 791 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Invesco by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock valued at $1,618,000 after acquiring an additional 792 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Up 1.1%

Shares of NYSE IVZ opened at $26.52 on Friday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $29.61. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of -16.57, a PEG ratio of 0.48 and a beta of 1.69. The stock has a 50 day moving average price of $27.36 and a 200 day moving average price of $24.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.23 and a current ratio of 1.23.

Invesco (NYSE:IVZ) last released 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. The company 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%.Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Sell-side analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IVZ shares. TD Cowen set a $34.50 target price on shares of Invesco in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Argus set a $31.00 target price on Invesco in a research report on Wednesday, January 28th. Royal Bank Of Canada reduced their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $28.46.

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.