KBC Group NV Acquires 30,186 Shares of Invesco Ltd. $IVZ

KBC Group NV lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 264.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 41,600 shares of the asset manager’s stock after purchasing an additional 30,186 shares during the quarter. KBC Group NV’s holdings in Invesco were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in Invesco in the first quarter valued at approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after acquiring an additional 2,393 shares in the last quarter. Woodline Partners LP increased its position in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after acquiring an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Invesco by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Invesco by 6.6% during the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 6,341 shares during the period. 66.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. TD Cowen boosted 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. Royal Bank Of Canada boosted their price target on Invesco from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday. Evercore set a $32.00 price objective on Invesco in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.31.

Invesco Stock Up 0.4%

Invesco stock opened at $29.91 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 1-year low of $20.08 and a 1-year high of $31.02. The company has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $26.66. The company has a market cap of $13.26 billion, a P/E ratio of -20.34, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Research analysts anticipate that Invesco Ltd. will post 2.78 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 2.9%. Invesco’s dividend payout ratio is currently -58.50%.

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.