Havemeyer Place LP Invests $965,000 in Invesco Ltd. $IVZ

Havemeyer Place LP bought a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,720 shares of the asset manager’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Invesco by 53.3% in the third quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock valued at $16,802,000 after purchasing an additional 254,501 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Invesco by 1.2% in the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares during the last quarter. Cibc World Market Inc. purchased a new position in Invesco in the third quarter valued at about $2,293,000. Caprock Group LLC purchased a new position in Invesco in the third quarter valued at about $892,000. Finally, Contravisory Investment Management Inc. boosted its holdings in Invesco by 1,165.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock valued at $1,291,000 after purchasing an additional 45,260 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 0.1%

Shares of Invesco stock opened at $27.32 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The business’s 50 day simple moving average is $25.91 and its 200-day simple moving average is $26.03. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of -18.59, a PEG ratio of 0.61 and a beta of 1.60. Invesco Ltd. has a twelve month low of $14.29 and a twelve month high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a $0.215 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.86 annualized dividend and a yield of 3.1%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is -58.50%.

Analyst Ratings Changes

A number of research analysts recently commented on IVZ shares. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings cut Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. BMO Capital Markets cut their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, The Goldman Sachs Group upped their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.29.

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.