UBS Group AG Reduces Holdings in Invesco Ltd. $IVZ

UBS Group AG trimmed its stake in Invesco Ltd. (NYSE:IVZ) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,841,830 shares of the asset manager’s stock after selling 565,777 shares during the period. UBS Group AG’s holdings in Invesco were worth $74,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CNB Bank purchased a new stake in shares of Invesco in the 3rd quarter worth about $26,000. American National Bank & Trust purchased a new stake in shares of Invesco in the 4th quarter worth about $31,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the 3rd quarter worth about $30,000. Root Financial Partners LLC purchased a new stake in shares of Invesco in the 3rd quarter worth about $30,000. Finally, Larson Financial Group LLC lifted its position in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IVZ has been the subject of several research analyst reports. TD Cowen raised their target price on shares of Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Barclays lifted their price target on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, BMO Capital Markets lowered their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $27.29.

Invesco Trading Up 0.1%

Shares of NYSE IVZ opened at $25.92 on Monday. Invesco Ltd. has a 1 year low of $14.04 and a 1 year high of $29.61. The stock has a market cap of $11.50 billion, a P/E ratio of -17.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.60. The firm has a 50-day moving average of $24.52 and a 200 day moving average of $25.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.38 and a quick ratio of 1.38.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 2.57 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is -57.14%.

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.