Invesco (NYSE:IVZ) CFO Sells 31,075 Shares of Stock

Invesco Ltd. (NYSE:IVZ) CFO Laura Allison Dukes sold 31,075 shares of Invesco stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the completion of the transaction, the chief financial officer directly owned 259,183 shares in the company, valued at approximately $8,594,508.28. The trade was a 10.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Invesco Stock Down 0.4%

Shares of IVZ stock traded down $0.12 during trading hours on Wednesday, hitting $32.22. 793,888 shares of the company were exchanged, compared to its average volume of 5,351,344. The business has a 50 day moving average of $30.71 and a two-hundred day moving average of $27.58. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a 52 week low of $20.67 and a 52 week high of $33.66. The company has a market capitalization of $14.28 billion, a PE ratio of -47.38, a PEG ratio of 0.48 and a beta of 1.63.

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

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 14th. Invesco’s payout ratio is -126.47%.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC lifted its stake in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the last quarter. ANB Bank raised its stake in Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after buying an additional 375 shares during the period. Vise Technologies Inc. lifted its position in shares of Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after buying an additional 425 shares during the last quarter. EWA LLC lifted its position in shares of Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after buying an additional 452 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares during the period. 66.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Evercore set a $35.00 price target on Invesco in a research report on Monday, August 10th. Royal Bank Of Canada downgraded shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price objective on the stock. in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, TD Cowen lifted their price target on shares of Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $31.46.

Invesco Company Profile

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.