Sterling Capital Management LLC reduced its stake in shares of Invesco Ltd. (NYSE:IVZ) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,899,094 shares of the asset manager’s stock after selling 18,103 shares during the period. Sterling Capital Management LLC’s holdings in Invesco were worth $69,393,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Avestar Capital LLC bought a new position in Invesco during the 4th quarter worth $137,000. Sun Life Financial INC bought a new position in shares of Invesco in the 3rd quarter worth about $145,000. Valeo Financial Advisors LLC bought a new position in shares of Invesco in the 3rd quarter worth about $160,000. Miles Capital Inc. bought a new position in shares of Invesco in the 4th quarter worth about $205,000. Finally, Linscomb & Williams Inc. bought a new position in shares of Invesco in the 4th quarter worth about $211,000. 82.09% of the stock is owned by institutional investors and hedge funds.
In other Invesco news, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $34.31, for a total transaction of $171,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The disclosure for this sale can be found here. Insiders have sold a total of 452,860 shares of company stock valued at $15,011,173 in the last quarter. Company insiders own 1.80% of the company’s stock.
Invesco Ltd. (NYSE IVZ) opened at $32.64 on Tuesday. The stock has a market capitalization of $13,517.28, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55. Invesco Ltd. has a 12 month low of $29.36 and a 12 month high of $38.43.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. equities research analysts expect that Invesco Ltd. will post 3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.55%. Invesco’s dividend payout ratio (DPR) is currently 42.34%.
Several research firms have recently weighed in on IVZ. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $39.00 to $38.00 in a research report on Tuesday, February 13th. Morgan Stanley reissued an “equal weight” rating and issued a $40.00 price objective (up from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, February 9th. Credit Suisse Group restated a “buy” rating on shares of Invesco in a research note on Thursday, February 1st. Finally, ValuEngine downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.57.
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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