Invesco Ltd. (NYSE:IVZ) Plans Quarterly Dividend of $0.21

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 0.21 per share by the asset manager on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th.

Invesco has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Invesco has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Invesco to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 40.6%.

Invesco Price Performance

NYSE:IVZ traded up $0.71 during trading hours on Wednesday, reaching $27.87. 2,753,650 shares of the company’s stock were exchanged, compared to its average volume of 5,905,190. 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 has a 12 month low of $11.60 and a 12 month high of $29.61. The company has a market capitalization of $12.40 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65. The business’s 50-day simple moving average is $26.68 and its two-hundred day simple moving average is $23.73.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. Sell-side analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Insider Transactions at Invesco

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Invesco

A number of hedge funds have recently bought and sold shares of IVZ. Capital A Wealth Management LLC boosted its stake in shares of Invesco by 4,802.9% during the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 1,633 shares during the period. CNB Bank purchased a new stake in shares of Invesco during the third quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of Invesco in the 3rd quarter worth $30,000. Sentry Investment Management LLC purchased a new position in Invesco in the third quarter worth about $30,000. Finally, American National Bank & Trust purchased a new stake in shares of Invesco in the 4th quarter worth $31,000. Institutional investors own 66.09% of the company’s stock.

About Invesco

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.