Ltd. Invesco Purchases 425,531 Shares of Invesco Ltd. (IVZ) Stock

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Invesco Ltd. (NYSE:IVZ) major shareholder Ltd. Invesco bought 425,531 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of IVZ stock opened at $18.47 on Thursday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $35.03.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). The business had revenue of $919.20 million for the quarter, compared to analyst estimates of $913.37 million. Invesco had a net margin of 16.61% and a return on equity of 10.88%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 6.50%. Invesco’s dividend payout ratio (DPR) is 49.38%.

Several equities research analysts recently issued reports on IVZ shares. Barclays reissued a “buy” rating and issued a $19.00 target price on shares of Invesco in a research report on Thursday, January 10th. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Invesco in a research report on Friday, October 19th. Deutsche Bank decreased their target price on shares of Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 16th. Zacks Investment Research raised shares of Invesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Morgan Stanley reduced their price target on shares of Invesco from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.70.

A number of hedge funds have recently made changes to their positions in the business. Rational Advisors LLC raised its stake in shares of Invesco by 411.3% during the fourth quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 2,040 shares during the period. Oakworth Capital Inc. raised its stake in shares of Invesco by 30.3% during the fourth quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 670 shares during the period. Resources Investment Advisors Inc. purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $53,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $60,000. Finally, Old North State Trust LLC raised its stake in shares of Invesco by 71.1% during the fourth quarter. Old North State Trust LLC now owns 3,746 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 1,557 shares during the period. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

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