Invesco (NYSE:IVZ) Director Sells $97,320.00 in Stock

Invesco Ltd. (NYSE:IVZ) Director Phoebe Wood sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 107,111 shares of the company’s stock, valued at $3,474,680.84. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Invesco Price Performance

NYSE IVZ opened at $30.09 on Thursday. Invesco Ltd. has a fifty-two week low of $20.67 and a fifty-two week high of $33.66. The stock’s 50-day moving average is $31.22 and its two-hundred day moving average is $27.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $13.34 billion, a P/E ratio of -44.25, a price-to-earnings-growth ratio of 0.45 and a beta of 1.63.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $1.33 billion during 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%.The firm’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. On average, analysts anticipate that Invesco Ltd. will post 2.82 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.9%. Invesco’s dividend payout ratio is presently -126.47%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IVZ shares. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Barclays upped their price objective on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. 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 target price on the stock. Evercore set a $35.00 target price on shares of Invesco in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $31.46.

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC grew its stake in shares of Invesco by 28.2% during 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. ANB Bank lifted its stake in shares of Invesco by 3.1% in the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after acquiring an additional 375 shares during the last quarter. EWA LLC lifted its stake in shares of Invesco by 3.8% in the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 452 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in shares of Invesco by 2.1% during the 1st quarter. Kera Capital Partners Inc. now owns 23,992 shares of the asset manager’s stock valued at $583,000 after acquiring an additional 484 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in Invesco by 4.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 11,200 shares of the asset manager’s stock worth $294,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

About Invesco

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.