Invesco (NYSE:IVZ) Director Phoebe Wood Sells 3,000 Shares of Stock

Invesco Ltd. (NYSE:IVZ) Director Phoebe Wood sold 3,000 shares of the business’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 completion of the transaction, the director owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Invesco Stock Down 2.4%

Shares of NYSE IVZ opened at $31.50 on Tuesday. The stock has a market cap of $13.97 billion, a P/E ratio of -46.33, a PEG ratio of 0.47 and a beta of 1.63. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a 12-month low of $20.67 and a 12-month high of $33.66. The business’s fifty day simple moving average is $31.09 and its 200-day simple moving average is $27.75.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.36 EPS. Invesco’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities analysts predict that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. Invesco’s payout ratio is currently -126.47%.

Institutional Trading of Invesco

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Invesco by 2,495.9% in the second quarter. California State Teachers Retirement System now owns 10,837,212 shares of the asset manager’s stock valued at $285,994,000 after buying an additional 10,419,736 shares during the last quarter. Norges Bank acquired a new position in Invesco in the 4th quarter valued at about $102,523,000. Delta Global Management LP purchased a new stake in Invesco during the 4th quarter valued at approximately $35,112,000. Bank of New York Mellon Corp lifted its position in Invesco by 47.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,249,634 shares of the asset manager’s stock worth $85,368,000 after acquiring an additional 1,040,096 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of Invesco by 1,687.0% in the 4th quarter. Engineers Gate Manager LP now owns 1,061,641 shares of the asset manager’s stock valued at $27,889,000 after purchasing an additional 1,002,231 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IVZ. Wall Street Zen upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada downgraded shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price objective on the stock. in a research report on Thursday, August 13th. TD Cowen lifted their price objective on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus target price of $31.46.

About Invesco

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.