Voya Investment Management LLC Sells 26,723 Shares of Invesco Ltd. $IVZ

Voya Investment Management LLC lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 23.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 88,001 shares of the asset manager’s stock after selling 26,723 shares during the period. Voya Investment Management LLC’s holdings in Invesco were worth $2,019,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC boosted its holdings in shares of Invesco by 4,802.9% during the 2nd 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 lifted its position in shares of Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 761 shares during the period. UMB Bank n.a. boosted its stake in Invesco by 45.8% during the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock worth $41,000 after acquiring an additional 824 shares in the last quarter. Kestra Investment Management LLC grew its holdings in Invesco by 672.0% in the second quarter. Kestra Investment Management LLC now owns 3,443 shares of the asset manager’s stock worth $54,000 after purchasing an additional 2,997 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in Invesco by 84.6% in the third quarter. Contravisory Investment Management Inc. now owns 3,882 shares of the asset manager’s stock valued at $89,000 after purchasing an additional 1,779 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director directly owned 192 shares in the company, valued at approximately $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.21% of the stock is owned by insiders.

Invesco Stock Down 1.0%

Shares of NYSE:IVZ opened at $26.95 on Monday. The business’s 50 day moving average is $24.61 and its 200 day moving average is $21.82. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $27.48. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.66 and a beta of 1.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Invesco’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IVZ. Royal Bank Of Canada upped their price objective on shares of Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Barclays upped their price target on Invesco from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Evercore ISI increased their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Bank of America boosted their price objective on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Finally, Citigroup increased their target price on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and an average price target of $24.53.

Invesco 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.