Landscape Capital Management L.L.C. Acquires New Shares in Invesco Ltd. $IVZ

by · The Cerbat Gem

Landscape Capital Management L.L.C. acquired a new stake in Invesco Ltd. (NYSE:IVZ – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 117,432 shares of the asset manager’s stock, valued at approximately $3,085,000.

Several other large investors also recently modified their holdings of IVZ. Norges Bank bought a new stake in shares of Invesco in the fourth quarter worth about $102,523,000. Holocene Advisors LP bought a new stake in shares of Invesco in the third quarter worth about $55,719,000. Samlyn Capital LLC bought a new stake in shares of Invesco in the third quarter worth about $44,567,000. Balyasny Asset Management L.P. increased its holdings in shares of Invesco by 58.1% in the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after acquiring an additional 1,871,666 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco by 989.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock worth $54,276,000 after acquiring an additional 1,744,862 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Down 0.1%

IVZ stock opened at $28.90 on Monday. The business has a 50-day moving average of $26.33 and a 200-day moving average of $26.21. Invesco Ltd. has a fifty-two week low of $14.45 and a fifty-two week high of $29.61. 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 stock has a market capitalization of $12.81 billion, a P/E ratio of -19.66, a P/E/G ratio of 0.65 and a beta of 1.60.

Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly 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). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.0%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s payout ratio is currently -58.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IVZ shares. JPMorgan Chase & Co. lowered their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Barclays increased their price target on Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. BMO Capital Markets lowered their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $27.64.

Get Our Latest Report on IVZ

Invesco Profile

(Free Report)

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.

See Also

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