Key Points
- Invesco CFO Laura Dukes sold 31,075 shares at an average price of $33.16, generating approximately $1.03 million. The transaction reduced her ownership by 10.71%, leaving her with 259,183 shares.
- Invesco reported quarterly EPS of $0.71, exceeding analyst expectations of $0.67, while revenue rose 20.5% year over year to $1.33 billion.
- The company pays a quarterly dividend of $0.215, or $0.86 annually, representing a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $31.46, while institutional investors own 66.09% of the stock.
Invesco Ltd. (NYSE:IVZ - Get Free Report) CFO Laura Dukes sold 31,075 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $33.16, for a total value of $1,030,447.00. Following the completion of the sale, the chief financial officer owned 259,183 shares of the company's stock, valued at approximately $8,594,508.28. The trade was a 10.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Invesco Stock Down 0.7%
Shares of IVZ opened at $32.13 on Thursday. Invesco Ltd. has a 52-week low of $20.67 and a 52-week high of $33.66. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $30.81 and a two-hundred day simple moving average of $27.62. The company has a market capitalization of $14.24 billion, a PE ratio of -47.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the company posted $0.36 EPS. The company's revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts forecast that Invesco Ltd. will post 2.82 EPS for the current year.
Invesco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 14th. Invesco's payout ratio is presently -126.47%.
Analysts Set New Price Targets
IVZ has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Invesco to a "hold" rating in a report on Tuesday, June 30th. Wall Street Zen lowered Invesco from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Keefe, Bruyette & Woods began coverage on Invesco in a research note on Wednesday. They set an "outperform" rating and a $39.00 target price for the company. Royal Bank Of Canada downgraded Invesco from an "outperform" rating to a "hold" rating and set a $39.00 target price on the stock. in a research report on Thursday, August 13th. Finally, Barclays upped their price target on Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $31.46.
Read Our Latest Stock Report on Invesco
Institutional Trading of Invesco
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager's stock worth $351,051,000 after buying an additional 332,340 shares during the period. Dimensional Fund Advisors LP lifted its stake in Invesco by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager's stock worth $518,836,000 after acquiring an additional 596,434 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Invesco by 5.3% during 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 period. California State Teachers Retirement System grew its position in Invesco by 2,495.9% in the 2nd quarter. California State Teachers Retirement System now owns 10,837,212 shares of the asset manager's stock valued at $285,994,000 after acquiring an additional 10,419,736 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in Invesco during the fourth quarter worth about $230,391,000. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Company Profile
(
Get 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.
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