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

Invesco Ltd. (NYSE:IVZ) Director Phoebe Wood sold 3,000 shares of Invesco stock in a transaction that occurred 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 transaction, the director owned 107,111 shares in the company, valued at approximately $3,474,680.84. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Invesco Stock Down 2.9%

Shares of Invesco stock traded down $0.94 during midday trading on Monday, hitting $31.34. The company’s stock had a trading volume of 1,995,226 shares, compared to its average volume of 5,321,355. The firm has a market capitalization of $13.89 billion, a P/E ratio of -46.17, a PEG ratio of 0.47 and a beta of 1.63. The stock has a 50-day simple moving average of $31.02 and a 200-day simple moving average of $27.71. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a 1-year low of $20.67 and a 1-year high of $33.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on IVZ shares. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Keefe, Bruyette & Woods started coverage on shares of Invesco in a research note on Wednesday, September 9th. They issued an “outperform” rating and a $39.00 price target on the stock. TD Cowen increased their price objective on Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.46.

Institutional Investors Weigh In On Invesco

A number of large investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. lifted its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Invesco in the second quarter worth $39,000. Root Financial Partners LLC lifted its stake in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Invesco during the 4th quarter worth $46,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Company Profile

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.