Semmax Financial Advisors Inc. lowered its stake in Invesco Ltd. (NYSE:IVZ) by 27.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,266 shares of the asset manager’s stock after selling 855 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Invesco were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Invesco by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 532 shares in the last quarter. Dean Investment Associates LLC lifted its stake in Invesco by 1.0% in the fourth quarter. Dean Investment Associates LLC now owns 67,158 shares of the asset manager’s stock valued at $1,124,000 after buying an additional 647 shares during the last quarter. Oakworth Capital Inc. lifted its stake in Invesco by 30.3% in the fourth quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock valued at $48,000 after buying an additional 670 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco by 2.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 29,551 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 698 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Invesco by 46.2% during the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 699 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.
In other news, Director Ben F. Johnson III acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $21.37 per share, for a total transaction of $213,700.00. Following the completion of the purchase, the director now owns 54,618 shares in the company, valued at $1,167,186.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rod Canion acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was purchased at an average price of $18.89 per share, for a total transaction of $377,800.00. Following the purchase, the director now owns 84,451 shares of the company’s stock, valued at approximately $1,595,279.39. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 40,000 shares of company stock valued at $789,900. 1.90% of the stock is currently owned by corporate insiders.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $884.93 million. Invesco had a return on equity of 10.48% and a net margin of 15.59%. Invesco’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, research analysts expect that Invesco Ltd. will post 2.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a $0.31 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Invesco’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 5.93%. Invesco’s dividend payout ratio is currently 51.03%.
IVZ has been the topic of a number of recent analyst reports. UBS Group cut shares of Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective on the stock. in a research note on Monday, May 13th. Edward Jones downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. William Blair reaffirmed a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. Morgan Stanley set a $19.00 price objective on Invesco and gave the stock a “hold” rating in a report on Friday, February 8th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Invesco in a report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Invesco currently has a consensus rating of “Hold” and a consensus price target of $22.00.
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Invesco Company Profile
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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