Landscape Capital Management L.L.C. Acquires New Shares in Invesco Ltd. $IVZ

Landscape Capital Management L.L.C. acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 117,432 shares of the asset manager’s stock, valued at approximately $3,085,000.

Several other large investors also recently modified their holdings of IVZ. Norges Bank bought a new stake in shares of Invesco in the fourth quarter worth about $102,523,000. Holocene Advisors LP bought a new stake in shares of Invesco in the third quarter worth about $55,719,000. Samlyn Capital LLC bought a new stake in shares of Invesco in the third quarter worth about $44,567,000. Balyasny Asset Management L.P. increased its holdings in shares of Invesco by 58.1% in the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after acquiring an additional 1,871,666 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco by 989.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock worth $54,276,000 after acquiring an additional 1,744,862 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Down 0.1%

IVZ stock opened at $28.90 on Monday. The business has a 50-day moving average of $26.33 and a 200-day moving average of $26.21. Invesco Ltd. has a fifty-two week low of $14.45 and a fifty-two week high of $29.61. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $12.81 billion, a P/E ratio of -19.66, a P/E/G ratio of 0.65 and a beta of 1.60.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate 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 period last year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.0%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s payout ratio is currently -58.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IVZ shares. JPMorgan Chase & Co. lowered their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Barclays increased their price target on Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. BMO Capital Markets lowered their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $27.64.

Invesco 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.