Picton Mahoney Asset Management Acquires Shares of 64,104 Invesco Ltd. $IVZ

Picton Mahoney Asset Management acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 64,104 shares of the asset manager’s stock, valued at approximately $1,469,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Invesco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares during the period. State Street Corp increased its position in shares of Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after acquiring an additional 332,340 shares during the last quarter. AQR Capital Management LLC boosted its position in Invesco by 5.3% in the second 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Invesco by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after buying an additional 88,094 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Invesco by 13.4% during the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after buying an additional 939,365 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

NYSE:IVZ opened at $24.72 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The firm has a market cap of $11.00 billion, a PE ratio of -15.45, a price-to-earnings-growth ratio of 0.45 and a beta of 1.68. The business has a 50 day moving average price of $27.19 and a 200-day moving average price of $24.81.

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

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were paid a $0.21 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Invesco’s dividend payout ratio is presently -52.50%.

Analyst Ratings Changes

Several brokerages have weighed in on IVZ. Barclays reduced their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Finally, Argus set a $31.00 target price on shares of Invesco in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.