Bank of Nova Scotia Sells 395,300 Shares of Invesco Ltd. $IVZ

Bank of Nova Scotia decreased its holdings in Invesco Ltd. (NYSE:IVZ) by 97.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,595 shares of the asset manager’s stock after selling 395,300 shares during the quarter. Bank of Nova Scotia’s holdings in Invesco were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SJS Investment Consulting Inc. boosted its position 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 valued at $29,000 after acquiring an additional 537 shares in the last quarter. American National Bank & Trust acquired a new position in Invesco in the fourth quarter worth about $31,000. Larson Financial Group LLC raised its position in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC acquired a new position in Invesco in the fourth quarter worth about $44,000. Finally, Root Financial Partners LLC lifted its stake in Invesco by 28.2% during 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. 66.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays raised their target price on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. TD Cowen boosted their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Royal Bank Of Canada upped their price target on Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.88.

Invesco Stock Up 0.8%

NYSE IVZ opened at $29.64 on Friday. The firm has a market cap of $13.14 billion, a PE ratio of -43.59, a price-to-earnings-growth ratio of 0.47 and a beta of 1.62. Invesco Ltd. has a one year low of $20.08 and a one year high of $31.02. The stock’s 50 day simple moving average is $28.22 and its 200 day simple moving average is $26.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, sell-side analysts forecast that Invesco Ltd. will post 2.81 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. Invesco’s dividend payout ratio (DPR) is -126.47%.

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.