Elevated Capital Advisors LLC Cuts Stake in Invesco Ltd. $IVZ

Elevated Capital Advisors LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 92.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,513 shares of the asset manager’s stock after selling 29,847 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Invesco were worth $61,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Invesco during the fourth quarter valued at approximately $31,000. SJS Investment Consulting Inc. lifted its position in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 537 shares in the last quarter. Larson Financial Group LLC lifted its position in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares in the last quarter. Torren Management LLC purchased a new stake in Invesco during the 4th quarter valued at $44,000. Finally, Root Financial Partners LLC boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IVZ shares. The Goldman Sachs Group upped their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of Invesco in a research report on Thursday, July 2nd. Finally, Evercore set a $32.00 target price on shares of Invesco in a report on Friday. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.69.

Invesco Price Performance

Shares of NYSE IVZ traded up $0.37 during mid-day trading on Friday, reaching $28.98. The company’s stock had a trading volume of 3,991,850 shares, compared to its average volume of 4,836,902. The stock has a fifty day moving average of $27.52 and a two-hundred day moving average of $26.47. The firm has a market capitalization of $12.85 billion, a PE ratio of -19.72, a P/E/G ratio of 0.64 and a beta of 1.62. 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 current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion for 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 company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts anticipate that Invesco Ltd. will post 2.65 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a $0.215 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s payout ratio is presently -58.50%.

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.