Key Points
- Director Phoebe Wood sold 3,000 Invesco shares at an average price of $32.44, generating $97,320 and reducing her holdings by 2.72% to 107,111 shares.
- Invesco reported quarterly EPS of $0.71, beating estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion.
- The company pays a quarterly dividend of $0.215 per share, equivalent to an annualized $0.86 dividend and a 2.7% yield; analysts’ consensus rating remains Hold with a $31.46 target price.
Invesco Ltd. (NYSE:IVZ - Get Free Report) Director Phoebe Wood sold 3,000 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the transaction, the director owned 107,111 shares of the company's stock, valued at approximately $3,474,680.84. The trade was a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Invesco Stock Down 2.4%
Shares of NYSE:IVZ opened at $31.50 on Tuesday. The company has a market cap of $13.97 billion, a price-to-earnings ratio of -46.33, a PEG ratio of 0.47 and a beta of 1.63. The firm's 50-day simple moving average is $31.09 and its 200-day simple moving average is $27.75. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a fifty-two week low of $20.67 and a fifty-two week high of $33.66.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business's revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, equities research analysts predict that Invesco Ltd. will post 2.82 earnings per share for the current year.
Invesco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.215 per share. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a yield of 2.7%. Invesco's payout ratio is presently -126.47%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Keefe, Bruyette & Woods began coverage on Invesco in a report on Wednesday, September 9th. They issued an "outperform" rating and a $39.00 price target for the company. Jefferies Financial Group raised Invesco to a "hold" rating in a report on Tuesday, June 30th. Royal Bank Of Canada cut Invesco from an "outperform" rating to a "hold" rating and set a $39.00 price objective for the company. in a research report on Thursday, August 13th. TD Cowen raised their target price on Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Invesco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.46.
View Our Latest Research Report on IVZ
Institutional Investors Weigh In On Invesco
Several institutional investors have recently modified their holdings of the company. SJS Investment Consulting Inc. increased its stake in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock valued at $29,000 after purchasing an additional 537 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Invesco during the second quarter worth $39,000. Root Financial Partners LLC boosted its position in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after purchasing an additional 374 shares in the last quarter. Blue Trust Inc. grew its holdings in Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager's stock valued at $45,000 after purchasing an additional 1,173 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Invesco by 389.6% in the first quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager's stock valued at $46,000 after purchasing an additional 1,492 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Company Profile
(
Get Free Report)
Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across a range of strategies, including active and passive equities, fixed income, multi-asset portfolios, alternatives and private markets.
Its offerings include mutual funds, exchange-traded funds, separately managed accounts, institutional investment mandates and other portfolio solutions.
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