Invesco Ltd. $IVZ Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,423,764 shares of the asset manager’s stock after purchasing an additional 204,316 shares during the period. Goldman Sachs Group Inc.’s holdings in Invesco were worth $168,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IVZ. Vanguard Group Inc. lifted its stake in shares of Invesco by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp grew its stake in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares during the period. Dimensional Fund Advisors LP grew its stake in Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after acquiring an additional 319,104 shares during the period. AQR Capital Management LLC raised its holdings in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Invesco by 13.4% during the 2nd 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. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Down 0.1%

IVZ stock opened at $27.32 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The company has a market cap of $12.11 billion, a price-to-earnings ratio of -18.59, a PEG ratio of 0.61 and a beta of 1.60. The business has a fifty day simple moving average of $25.91 and a 200-day simple moving average of $26.03. Invesco Ltd. has a 52 week low of $14.29 and a 52 week high of $29.61.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, equities research analysts expect that Invesco Ltd. will post 2.58 EPS for the current 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 dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 15th. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IVZ. The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. TD Cowen lifted their price target on Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.29.

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.