Friedenthal Financial Invests $1.08 Million in Invesco Ltd. $IVZ

Friedenthal Financial acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 44,687 shares of the asset manager’s stock, valued at approximately $1,085,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVZ. Vanguard Group Inc. boosted its position in shares of Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares during the period. State Street Corp raised its stake in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares during the period. AQR Capital Management LLC grew its position in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Invesco during the 4th quarter worth approximately $230,391,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ stock opened at $25.97 on Thursday. The business has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $26.41. The company has a market cap of $11.51 billion, a P/E ratio of -17.67, a P/E/G ratio of 0.61 and a beta of 1.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a twelve month low of $15.13 and a twelve month high of $29.82.

Invesco (NYSE:IVZ) last released its 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 during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 2.57 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is currently -58.50%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IVZ shares. Morgan Stanley dropped their price target on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. BMO Capital Markets reduced their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Argus reissued a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Invesco in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.64.

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.