Dimensional Fund Advisors LP Purchases 596,434 Shares of Invesco Ltd. $IVZ

Dimensional Fund Advisors LP raised its position in Invesco Ltd. (NYSE:IVZ) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 21,361,119 shares of the asset manager’s stock after purchasing an additional 596,434 shares during the period. Dimensional Fund Advisors LP’s holdings in Invesco were worth $518,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its holdings in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares in the last quarter. American National Bank & Trust acquired a new position in shares of Invesco in the fourth quarter valued at $31,000. Larson Financial Group LLC raised its stake in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC bought a new position in Invesco in the fourth quarter worth $44,000. Finally, Root Financial Partners LLC lifted its position in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of Invesco in a research note on Thursday, July 2nd. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a report on Tuesday, June 30th. Barclays lifted their target price on shares of Invesco from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. BMO Capital Markets lowered their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, Morgan Stanley increased their price target on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.15.

Invesco Price Performance

Shares of IVZ stock opened at $29.67 on Tuesday. The stock’s fifty day simple moving average is $27.80 and its 200 day simple moving average is $26.56. Invesco Ltd. has a one year low of $20.00 and a one year high of $31.02. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of -20.18, a P/E/G ratio of 0.48 and a beta of 1.62. 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 analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, analysts expect that Invesco Ltd. will post 2.78 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company 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 represents a $0.86 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is currently -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.