Stratos Wealth Partners LTD. Has $267,000 Position in Invesco Ltd. $IVZ

Stratos Wealth Partners LTD. lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 74.0% in the third quarter, Holdings Channel reports. The firm owned 11,631 shares of the asset manager’s stock after selling 33,083 shares during the period. Stratos Wealth Partners LTD.’s holdings in Invesco were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Invesco by 5,065.4% in the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after buying an additional 3,315,480 shares during the last quarter. Norges Bank acquired a new position in Invesco during the 2nd quarter worth $51,838,000. Balyasny Asset Management L.P. boosted its holdings in Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock valued at $80,304,000 after acquiring an additional 1,871,666 shares during the period. Bank of America Corp DE grew its position in shares of Invesco by 52.6% in the second quarter. Bank of America Corp DE now owns 2,893,883 shares of the asset manager’s stock valued at $45,637,000 after purchasing an additional 997,825 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Invesco by 13.4% in the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after purchasing an additional 939,365 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 1.3%

Shares of IVZ opened at $26.38 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The stock has a market cap of $11.74 billion, a PE ratio of -16.49, a PEG ratio of 0.48 and a beta of 1.69. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $29.61. The stock has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $24.47.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s dividend payout ratio (DPR) is -52.50%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Barclays dropped their price objective on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. The Goldman Sachs Group increased their target price on shares of Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 price objective on Invesco in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.46.

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.