Curated Wealth Partners LLC Acquires 18,536 Shares of Invesco Ltd. $IVZ

Curated Wealth Partners LLC purchased a new stake in Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,536 shares of the asset manager’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its stake in Invesco by 8.8% in the third quarter. Mather Group LLC. now owns 17,722 shares of the asset manager’s stock valued at $534,000 after buying an additional 1,438 shares during the period. Fortitude Family Office LLC lifted its holdings in Invesco by 120.9% during the third quarter. Fortitude Family Office LLC now owns 1,089 shares of the asset manager’s stock worth $33,000 after acquiring an additional 596 shares during the period. Krilogy Financial LLC raised its position in Invesco by 16.2% in the third quarter. Krilogy Financial LLC now owns 32,025 shares of the asset manager’s stock worth $937,000 after acquiring an additional 4,453 shares during the period. Contravisory Investment Management Inc. lifted its position in shares of Invesco by 3.3% during the 3rd quarter. Contravisory Investment Management Inc. now owns 51,502 shares of the asset manager’s stock valued at $1,553,000 after buying an additional 1,650 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in shares of Invesco by 10.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 41,723 shares of the asset manager’s stock valued at $1,255,000 after buying an additional 4,013 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Insider Activity at Invesco

In other Invesco news, CFO Laura Dukes sold 31,075 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was 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 owned 259,183 shares in the company, valued at $8,594,508.28. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the completion of the transaction, the director directly owned 812,477 shares of the company’s stock, valued at approximately $26,161,759.40. This trade represents a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,540 shares of company stock worth $7,227,167 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IVZ has been the subject of several analyst reports. Evercore set a $34.00 price target on shares of Invesco in a report on Friday, October 9th. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a report on Friday, September 25th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, TD Cowen cut their target price on Invesco from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.12.

Invesco Trading Down 2.1%

NYSE:IVZ opened at $28.19 on Friday. The business has a fifty day moving average price of $31.25 and a 200-day moving average price of $28.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. Invesco Ltd. has a one year low of $20.67 and a one year high of $33.66. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of -41.46, a price-to-earnings-growth ratio of 0.46 and a beta of 1.65.

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

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were given a dividend of $0.2150 per share. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. Invesco’s dividend payout ratio (DPR) is currently -126.47%.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.