Hsbc Holdings PLC Acquires 114,851 Shares of Invesco Ltd. $IVZ

Hsbc Holdings PLC raised its holdings in Invesco Ltd. (NYSE:IVZ) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 431,088 shares of the asset manager’s stock after acquiring an additional 114,851 shares during the quarter. Hsbc Holdings PLC’s holdings in Invesco were worth $11,386,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares in the last quarter. Carrera Capital Advisors boosted its holdings in Invesco by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after purchasing an additional 408 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares in the last quarter. Wedmont Private Capital increased its position in Invesco by 2.2% during the fourth quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after buying an additional 456 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Invesco by 18.4% during the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after buying an additional 472 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on IVZ. JPMorgan Chase & Co. reduced their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. BMO Capital Markets cut their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley upped their target price on Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, TD Cowen increased their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.86.

Invesco Trading Down 1.6%

Shares of NYSE:IVZ opened at $27.40 on Wednesday. The company has a market cap of $12.15 billion, a P/E ratio of -18.64, a P/E/G ratio of 0.62 and a beta of 1.62. The stock’s 50-day moving average is $27.37 and its 200-day moving average is $26.44. Invesco Ltd. has a 52-week low of $16.49 and a 52-week high of $29.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm posted $0.44 EPS. Invesco’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is presently -58.50%.

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.