Invesco Ltd. (NYSE:IVZ) Shares Acquired by Trian Fund Management L.P.

Trian Fund Management L.P. grew its holdings in Invesco Ltd. (NYSE:IVZ) by 0.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,755,775 shares of the asset manager’s stock after buying an additional 14,236 shares during the quarter. Invesco comprises 11.2% of Trian Fund Management L.P.’s investment portfolio, making the stock its 4th biggest holding. Trian Fund Management L.P. owned 7.97% of Invesco worth $955,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Invesco by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 43,969,255 shares of the asset manager’s stock valued at $1,175,297,000 after buying an additional 202,267 shares during the period. BlackRock Inc. increased its stake in Invesco by 0.3% in the 2nd quarter. BlackRock Inc. now owns 39,657,790 shares of the asset manager’s stock valued at $1,060,051,000 after purchasing an additional 111,040 shares in the last quarter. Geode Capital Management LLC increased its stake in Invesco by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 7,050,497 shares of the asset manager’s stock valued at $187,977,000 after purchasing an additional 21,018 shares in the last quarter. Millennium Management LLC increased its stake in Invesco by 1,846.3% in the 1st quarter. Millennium Management LLC now owns 4,169,551 shares of the asset manager’s stock valued at $105,156,000 after purchasing an additional 3,955,317 shares in the last quarter. Finally, FMR LLC increased its stake in Invesco by 8.5% in the 2nd quarter. FMR LLC now owns 3,872,426 shares of the asset manager’s stock valued at $103,510,000 after purchasing an additional 303,041 shares in the last quarter. 61.85% of the stock is owned by institutional investors and hedge funds.

In related news, Director Andrew Tak Shing Lo sold 150,000 shares of Invesco stock in a transaction on Monday, September 13th. The stock was sold at an average price of $24.91, for a total value of $3,736,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.87% of the stock is currently owned by company insiders.

Several research firms recently weighed in on IVZ. Morgan Stanley dropped their price objective on Invesco from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 6th. Citigroup raised Invesco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $29.00 to $34.00 in a research report on Monday, July 12th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research report on Thursday, July 15th. Deutsche Bank Aktiengesellschaft raised their price target on Invesco from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, July 12th. They noted that the move was a valuation call. Finally, raised Invesco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $29.00 to $34.00 in a research report on Monday, July 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus target price of $27.77.

Shares of IVZ stock traded up $0.60 during mid-day trading on Thursday, hitting $25.06. 47,582 shares of the company’s stock were exchanged, compared to its average volume of 4,348,990. Invesco Ltd. has a fifty-two week low of $12.74 and a fifty-two week high of $29.71. The stock has a 50-day simple moving average of $24.83 and a two-hundred day simple moving average of $26.02. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.77. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.36 and a beta of 1.26.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 27th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.08. Invesco had a return on equity of 13.73% and a net margin of 19.60%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue was up 26.0% on a year-over-year basis. As a group, analysts anticipate that Invesco Ltd. will post 3.02 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 26th. Stockholders of record on Monday, October 11th will be issued a dividend of $0.09 per share. This represents a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, October 8th. Invesco’s dividend payout ratio (DPR) is 35.23%.

Invesco Company Profile

Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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