Voya Investment Management LLC Sells 26,723 Shares of Invesco Ltd. $IVZ

Voya Investment Management LLC lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 23.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,001 shares of the asset manager’s stock after selling 26,723 shares during the quarter. Voya Investment Management LLC’s holdings in Invesco were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. grew its position in Invesco by 99.6% in the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock valued at $106,598,000 after acquiring an additional 3,507,150 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Invesco by 5,065.4% in the 2nd quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock valued at $53,317,000 after purchasing an additional 3,315,480 shares in the last quarter. Norges Bank bought a new stake in shares of Invesco during the 2nd quarter valued at approximately $51,838,000. AQR Capital Management LLC grew its holdings in shares of Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after purchasing an additional 2,882,928 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Invesco by 58.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the transaction, the director owned 192 shares of the company’s stock, valued at $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by company insiders.

Invesco Trading Down 1.0%

Shares of IVZ stock opened at $26.95 on Monday. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $27.48. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.66 and a beta of 1.66. The stock has a 50-day moving average of $24.61 and a 200-day moving average of $21.82.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

IVZ has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $31.00 in a report on Wednesday, December 17th. Bank of America lifted their price target on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Fundamental Research set a $27.00 price target on Invesco in a report on Friday, October 31st. Finally, Barclays raised their price objective on shares of Invesco from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $24.53.

Invesco 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.