Invesco Ltd. $IVZ Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 127.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,805 shares of the asset manager’s stock after acquiring an additional 27,900 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco were worth $1,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Sentry Investment Management LLC acquired a new stake in Invesco during the third quarter worth about $30,000. American National Bank & Trust acquired a new stake in Invesco during the fourth quarter worth about $31,000. Larson Financial Group LLC increased its position in Invesco by 61.5% during the third 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 last quarter. Torren Management LLC acquired a new stake in Invesco during the fourth quarter worth about $44,000. Finally, Brown Brothers Harriman & Co. increased its position in Invesco by 151.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock worth $47,000 after purchasing an additional 1,231 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of IVZ opened at $28.47 on Friday. Invesco Ltd. has a 1-year low of $14.15 and a 1-year high of $29.61. The stock has a market cap of $12.62 billion, a PE ratio of -19.37, a P/E/G ratio of 0.64 and a beta of 1.60. The firm has a 50-day simple moving average of $25.53 and a two-hundred day simple moving average of $25.88. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Invesco’s revenue was up 14.0% on a year-over-year basis. As a group, analysts forecast that Invesco Ltd. will post 2.58 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.215 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, May 15th. Invesco’s dividend payout ratio (DPR) is -58.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price objective 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. The Goldman Sachs Group raised 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 Wednesday, April 29th. Barclays raised their price objective on shares of Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets dropped 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 investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.