Wedge Capital Management L L P NC Sells 27,955 Shares of Invesco Ltd. $IVZ

Wedge Capital Management L L P NC lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,208,058 shares of the asset manager’s stock after selling 27,955 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.27% of Invesco worth $31,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IVZ. Root Financial Partners LLC grew its holdings in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. ANB Bank boosted its position in shares of Invesco by 3.1% in the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after purchasing an additional 375 shares during the last quarter. Carrera Capital Advisors grew its stake in shares of Invesco by 3.7% during 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 during the period. Vise Technologies Inc. increased 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 valued at $346,000 after purchasing an additional 425 shares during the last quarter. Finally, EWA LLC lifted its stake in Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after buying an additional 452 shares during the period. 66.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on IVZ shares. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Morgan Stanley increased their target price on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their price target on shares of Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. TD Cowen raised their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.12.

Invesco Stock Performance

IVZ opened at $31.38 on Wednesday. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of -46.15, a P/E/G ratio of 0.51 and a beta of 1.62. The business’s 50-day moving average price is $28.77 and its two-hundred day moving average price is $26.83. Invesco Ltd. has a 1 year low of $20.48 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business 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 12.83% and a negative net margin of 0.93%.Invesco’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. Equities analysts expect that Invesco Ltd. will post 2.8 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s payout ratio is currently -126.47%.

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.