Invesco Ltd. $IVZ Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Invesco Ltd. (NYSE:IVZ) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,825 shares of the asset manager’s stock after selling 44,368 shares during the period. QRG Capital Management Inc.’s holdings in Invesco were worth $4,469,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC boosted its holdings in Invesco by 4,802.9% during the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares in the last quarter. IFP Advisors Inc raised its position in shares of Invesco by 55.7% in the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the period. Quent Capital LLC purchased a new stake in shares of Invesco during the 3rd quarter worth about $37,000. UMB Bank n.a. grew its position in shares of Invesco by 45.8% during the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 824 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Invesco by 367.3% during the 3rd quarter. True Wealth Design LLC now owns 2,070 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 1,627 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IVZ has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Invesco from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Royal Bank Of Canada boosted their price target on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Finally, Citigroup boosted their target price on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.86.

Invesco Price Performance

NYSE:IVZ opened at $29.43 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day moving average price of $25.97 and a 200 day moving average price of $23.15. The stock has a market cap of $13.10 billion, a PE ratio of 20.02, a P/E/G ratio of 0.51 and a beta of 1.65. Invesco Ltd. has a one year low of $11.60 and a one year high of $29.51.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.44 by $0.17. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were issued a $0.21 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Invesco’s dividend payout ratio is currently 57.14%.

Insiders Place Their Bets

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director owned 192 shares of the company’s stock, valued at $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.21% of the company’s stock.

Invesco Company Profile

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.