Invesco Ltd. (NYSE:IVZ) Director Andrew Tak Shing Lo sold 300,000 shares of the business’s stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $27.34, for a total transaction of $8,202,000.00. Following the sale, the director now owns 375,605 shares in the company, valued at $10,269,040.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Invesco stock traded down $0.89 on Wednesday, hitting $26.37. 4,016,956 shares of the company’s stock traded hands, compared to its average volume of 4,528,653. The stock has a market cap of $12.17 billion, a P/E ratio of 24.88, a PEG ratio of 1.43 and a beta of 1.38. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average is $26.25 and its 200 day moving average is $21.01. Invesco Ltd. has a 52-week low of $6.38 and a 52-week high of $28.95.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 27th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.21 billion. Invesco had a return on equity of 9.62% and a net margin of 9.78%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.78 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Invesco by 11.3% in the first quarter. BlackRock Inc. now owns 39,546,750 shares of the asset manager’s stock valued at $997,368,000 after buying an additional 4,005,319 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Invesco by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,156,065 shares of the asset manager’s stock valued at $177,019,000 after purchasing an additional 70,419 shares during the period. Morgan Stanley boosted its position in shares of Invesco by 278.9% during the fourth quarter. Morgan Stanley now owns 6,456,193 shares of the asset manager’s stock worth $112,531,000 after buying an additional 4,752,127 shares during the period. Norges Bank bought a new position in Invesco in the 4th quarter worth approximately $67,920,000. Finally, Charles Schwab Investment Management Inc. increased its position in Invesco by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,824,741 shares of the asset manager’s stock valued at $49,236,000 after acquiring an additional 29,677 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on IVZ. BMO Capital Markets boosted their target price on shares of Invesco from $19.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 27th. Credit Suisse Group boosted their target price on shares of Invesco from $30.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 4th. UBS Group upgraded shares of Invesco from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, January 28th. Zacks Investment Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Tuesday, April 20th. Finally, TheStreet upgraded shares of Invesco from a “c+” rating to a “b-” rating in a research report on Tuesday, March 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.86.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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