Friedenthal Financial Acquires New Shares in Invesco Ltd. $IVZ

Friedenthal Financial acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,687 shares of the asset manager’s stock, valued at approximately $1,085,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC raised its position in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the last quarter. Carrera Capital Advisors boosted 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 valued at $301,000 after purchasing an additional 408 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Invesco by 2.2% during the fourth quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after purchasing an additional 456 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after buying an additional 472 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IVZ shares. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. TD Cowen raised their price target on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.64.

Invesco Price Performance

Shares of IVZ opened at $25.97 on Thursday. The business has a 50-day moving average of $27.04 and a 200-day moving average of $26.41. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of -17.67, a price-to-earnings-growth ratio of 0.61 and a beta of 1.60. Invesco Ltd. has a 1 year low of $15.13 and a 1 year high of $29.82.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.57 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is currently -58.50%.

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.