Prana Capital Management LP Buys 808,882 Shares of Invesco Ltd. $IVZ

Prana Capital Management LP lifted its stake in Invesco Ltd. (NYSE:IVZ) by 425.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 998,874 shares of the asset manager’s stock after buying an additional 808,882 shares during the quarter. Prana Capital Management LP’s holdings in Invesco were worth $22,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Invesco in the 1st quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Invesco by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after purchasing an additional 2,393 shares during the last quarter. Woodline Partners LP grew its position 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 valued at $574,000 after purchasing an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Invesco by 1.2% during 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 valued at $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Invesco in the second quarter worth about $209,000. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $23.74 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average is $26.62 and its two-hundred day moving average is $24.98. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $29.61. The company has a market capitalization of $10.53 billion, a PE ratio of -14.84, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. As a group, analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors 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 dividend on an annualized basis and a yield of 3.5%. Invesco’s dividend payout ratio (DPR) is presently -52.50%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. BMO Capital Markets raised their target price on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, TD Cowen set a $34.50 price target on shares of Invesco in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.