Thu Sep 26 12:55:51 UTC 2024: ## Invesco (IVZ) Sees Increased Interest from Institutional Investors:
**New York, NY** – Invesco Ltd. (NYSE: IVZ), a publicly traded investment manager, has seen an increase in interest from institutional investors in recent quarters. Notably, Vanguard Personalized Indexing Management LLC boosted its holdings in Invesco by 4.1% during the second quarter, acquiring an additional 1,742 shares. Other notable investors including Centennial Wealth Advisory LLC, Jones Financial Companies Lllp, Wright Investors Service Inc., Parallel Advisors LLC, and Fifth Third Bancorp also increased their stakes in the company.
Invesco has been the subject of recent analyst reports, with Barclays initiating coverage on the stock and setting an “equal weight” rating. Evercore ISI upgraded its rating on Invesco to “in-line,” while other analysts like Goldman Sachs and Royal Bank of Canada have adjusted their price targets. Currently, analysts have an average “Hold” rating for Invesco, with a target price of $17.08.
In its most recent earnings report, Invesco exceeded analysts’ expectations, posting $0.43 earnings per share for the quarter. The company also declared a quarterly dividend of $0.205, representing a yield of 4.75%.
Overall, the increased interest from institutional investors and positive analyst sentiment suggest potential for growth in Invesco’s stock.
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