Invesco Ltd. $IVZ Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in Invesco Ltd. (NYSE:IVZ) by 49.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,764 shares of the asset manager’s stock after selling 33,691 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Invesco were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elevation Wealth Partners LLC grew its stake in shares of Invesco by 141.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 591 shares during the period. Fortitude Family Office LLC increased its position in shares of Invesco by 120.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,089 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 596 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the period. Continuum Advisory LLC bought a new position in shares of Invesco in the 2nd quarter worth approximately $39,000. Finally, Blue Trust Inc. lifted its stake in shares of Invesco by 171.0% in the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock worth $45,000 after purchasing an additional 1,173 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ opened at $28.78 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The business has a 50-day simple moving average of $31.01 and a two-hundred day simple moving average of $28.86. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of -42.32, a PEG ratio of 0.47 and a beta of 1.65. Invesco Ltd. has a 52 week low of $20.67 and a 52 week high of $33.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts expect that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 14th. Invesco’s dividend payout ratio is currently -126.47%.

Insider Activity

In other Invesco news, CFO Laura Dukes sold 31,075 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $33.16, for a total value 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 $8,594,508.28. This represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Phoebe A. Wood sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. The trade was a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,540 shares of company stock worth $7,227,167 in the last quarter. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IVZ has been the topic of a number of research reports. TD Cowen dropped their price objective on shares of Invesco from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Keefe, Bruyette & Woods started coverage on shares of Invesco in a report on Wednesday, September 9th. They set an “outperform” rating and a $39.00 target price for the company. Morgan Stanley upped their target price on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Barclays lifted their price target on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has an average rating of “Moderate Buy” and an average target price of $33.19.

Invesco Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.