Wesleyan Assurance Society Sells 114,737 Shares of Invesco Ltd. $IVZ

Wesleyan Assurance Society lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 30.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 258,136 shares of the asset manager’s stock after selling 114,737 shares during the period. Wesleyan Assurance Society owned 0.06% of Invesco worth $4,071,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. boosted its holdings in shares of Invesco by 1.6% during the first quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager’s stock worth $720,000 after acquiring an additional 755 shares during the period. IFP Advisors Inc boosted its holdings in shares of Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the period. Forum Financial Management LP boosted its holdings in shares of Invesco by 4.8% during the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock worth $273,000 after acquiring an additional 791 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Invesco by 6.8% during the first quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock worth $189,000 after acquiring an additional 792 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Invesco by 17.1% during the first quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager’s stock worth $83,000 after acquiring an additional 800 shares during the period. Institutional investors own 66.09% of the company’s stock.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the transaction, the director directly owned 29,855 shares in the company, valued at $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IVZ shares. Evercore ISI boosted their price objective on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. BMO Capital Markets restated an “outperform” rating on shares of Invesco in a report on Friday. Bank of America boosted their price objective on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Invesco in a research note on Saturday. Finally, Citigroup boosted their price target on Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.85.

Invesco Trading Up 1.3%

Shares of IVZ stock opened at $22.97 on Monday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $24.54. The stock has a market cap of $10.24 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 0.82 and a beta of 1.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $22.48 and a 200 day simple moving average of $18.43.

Invesco Profile

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.