Invesco Ltd. (NYSE:IVZ) CEO Martin L. Flanagan sold 422,860 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Invesco Ltd. (NYSE IVZ) opened at $33.20 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55. Invesco Ltd. has a fifty-two week low of $29.36 and a fifty-two week high of $38.43. The company has a market cap of $13,403.28, a price-to-earnings ratio of 12.12, a PEG ratio of 0.88 and a beta of 1.75.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same period in the previous year, the company posted $0.59 EPS. Invesco’s revenue was up 16.3% on a year-over-year basis. sell-side analysts predict that Invesco Ltd. will post 3.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Wednesday, February 14th. Invesco’s dividend payout ratio is currently 42.34%.
Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Invesco by 11.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,915 shares of the asset manager’s stock valued at $582,000 after acquiring an additional 1,604 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Invesco by 8.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 95,369 shares of the asset manager’s stock valued at $3,485,000 after acquiring an additional 7,070 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco by 207.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 130,158 shares of the asset manager’s stock valued at $4,756,000 after acquiring an additional 87,803 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in shares of Invesco by 205.1% during the 4th quarter. Sawtooth Solutions LLC now owns 43,530 shares of the asset manager’s stock valued at $1,590,000 after acquiring an additional 29,264 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Invesco by 64.1% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 30,200 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 11,800 shares in the last quarter. Institutional investors and hedge funds own 82.31% of the company’s stock.
Several equities analysts have weighed in on IVZ shares. Royal Bank of Canada set a $47.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research report on Saturday, December 16th. Morgan Stanley cut shares of Invesco from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $40.00 to $39.00 in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Citigroup cut shares of Invesco from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Finally, Credit Suisse Group upgraded shares of Invesco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $42.00 to $43.00 in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Invesco currently has an average rating of “Hold” and a consensus target price of $40.57.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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